Musk’s lawyers warned Twitter on Monday that if the company fails to provide the data he seeks on spam and fake accounts, he may walk away from the deal.
Twitter expects a shareholder vote on its $44 billion (roughly Rs. 3,42,070 crore) sale to Elon Musk in early August, as it continues to work constructively to close the deal with the world’s richest person, top executives told employees on Wednesday.
Musk’s lawyers warned Twitter on Monday that if the company fails to provide the data he seeks on spam and fake accounts, he may walk away from the deal.
Twitter has stated that it is still sharing information with Musk. According to people familiar with the matter, the “firehose” is a set of all tweets on the platform that have been analyzed by various parameters, such as user devices or profiles of accounts that publish tweets.
According to the sources, Twitter sells this data to social media monitoring companies as part of its licensing business, but plans to give it to Musk for free as part of the information exchange. According to the sources, the firehose does not contain confidential information, such as personal details of Twitter users that are not public or how frequently they verify their accounts.
Twitter CEO Pari Agrawal stated last month that he did not believe a calculation of fake and spam accounts could be performed outside of the company because it would require private information that Twitter does not share.
It was unclear how much sensitive information about Twitter’s user base Twitter would share with Musk. The Washington Post was the first to report on the firehose sharing.
A request for comment from Musk was not immediately returned.
Vijaya Gadde, Twitter’s top lawyer, told an employee meeting that the company expects to hold a shareholder vote on Musk’s deal in late July or early August.
Twitter’s top executives stated during the internal meeting that the company was working to improve its defenses against fake accounts and accounts that spread cryptocurrency spam.
