Self-proclaimed free-speech absolutist Elon Musk tweeted in May that his deal to buy Twitter was “temporarily on hold” until the company could prove accounts belonging to spam bots accounted for less than 5% of all users.
Musk is upping the ante, accusing Twitter of being in “material breach” of its deal obligations. The warning was delivered in a letter from Musk’s attorneys to Twitter’s legal officer, Vijaya Gadde.
The letter stated Musk reserved all rights to terminate the acquisition if the company did not present the details requested about the bot accounts. Not providing the information was a “clear material breach” it reiterated.
In a statement, Twitter responded that it planned to enforce the completion of the deal on the agreed terms: “Twitter has and will continue to cooperatively share information with Musk to consummate the transaction in accordance with the terms of the merger agreement.”
Musk has stated his belief that spam bots account for at least 20% of Twitter users, while independent researchers projected the number around 9% to 15%. Musk said he needs the data from Twitter in order to conduct his own analysis because he does not believe in the company’s “lax testing methodologies.”
To be sure, Musk may be able to walk away or renegotiate the deal even if the law is on Twitter’s side. This is because any litigation is likely to be protracted, and Twitter may decide it makes more sense to agree to a lower price or receive compensation from Musk rather than try to force him to complete the transaction in court.
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Peter Schweizer: The Justice System Is No Longer About Justice
Sara welcomes investigative reporter, author, and podcast host Peter Schweizer to discuss the FBI’s raid of President Trump’s home in Florida and what the stunning contrast with the bureau’s handling of the Hillary Clinton case says about the massive double standard in our justice system. Schweizer also dissects how China enriches elites from the U.S. and beyond to do its bidding around the world and why China’s dealings with the Bidens is worthy of serious investigation. He also explains why the new “Inflation Reduction Act” is really a huge win for China.
Schweizer is author of numerous books including “Red-Handed: How American Elites Get Rich Helping China Win” and “Clinton Cash: The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich.” He is also the host of “The Drill Down with Peter Schweizer.”
Sara also recounts some of her travels to Central America from last week and the work she is doing to tell the truth about what’s really happening at the border and, how it’s weakening national security and impacting every one of us.
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