The social media company will provide Musk with access to a stream of data comprising more than 500 million tweets posted everyday company reported.
Twitter Inc plans to comply with Elon Musk’s demand for data on fake accounts sources familiar with the deal reported on Wednesday.
The social media company will provide Musk with access to a stream of data comprising more than 500 million tweets posted every day, the Post reported.
Musk warned Twitter on Monday that he might walk away from his $44 billion deal to acquire the company if it fails to provide the data on spam and fake accounts that he seeks.
Sources familiar with the negotiations are saying that Twitter’s board has decided to let Musk access its full “firehose” of internal data associated with the hundreds of millions of tweets posted daily at the service. This would end the major standoff between Musk and the board on this hot button issue which has paused the deal.
Twitter chief executive Parag Agrawal has said that fewer than five percent of accounts active on any given day at Twitter are bots, but that analysis cannot be replicated externally due to the need to keep user data private.
About two dozen companies already pay to access the massive trove of internal Twitter data, which includes records of tweets along with information about accounts and devices used to fire them off, according to industry experts.
Amidst all this development Twitter Inc’s top lawyer reassured staff Wednesday that the deal to sell the company to billionaire Elon is still progressing, and that a shareholder vote will occur in late July or early August, according to people familiar with the matter. The company is just waiting for the SEC to approve its proxy, after which it will be sent to shareholders, Vijaya Gadde, Twitter’s head of legal and policy, said at an employee meeting, the people said.
On a different note, some observers have seen Musk’s questioning of Twitter bots as a means to end the takeover process or to pressure Twitter into lowering the price.
The potential for Musk to take Twitter private has stoked protest from critics who warn his stewardship will embolden hate groups and disinformation campaigns.
US securities regulators have also pressed Musk for an explanation of an apparent delay in reporting his Twitter stock buys.