Elon Musk Broke His Agreement With Twitter, What Happens Next?
Elon Musk had terms for him buying Twitter that he wasn’t supposed to break while the deal was closing, and he just broke them. Last month, a U.S. Securities and Exchange Commission filing stated that Musk had to refrain from tweeting anything negative about Twitter while the deal was processing. If he didn’t, the sale would be void, and he would have to pay Twitter $1 billion. Of course, it was always a question mark if he could abstain from criticizing Twitter, seeing as he likes to speak his mind with no filter.
As of May 13, 2022, the deal is on hold because Musk wanted to verify Twitter’s calculation of five percent fake and spam accounts on the platform. He claimed he still wanted to buy Twitter but doesn’t believe the tech company’s percentage is accurate. He said he was doing his own calculations with a sample size of 100 to confirm and encouraged his followers to do the same. According to him, that was the sample size Twitter used. It’s unclear why this is an issue for him when he’s been vocal about getting rid of bots.
Related: What To Expect After Elon Musk Takes Over Twitter
After revealing how he would confirm Twitter’s calculations, he tweeted that Twitter’s lawyers had called him to inform him that he had violated his non-disclosure agreement (NDA). He wasn’t supposed to reveal the company’s sample size. Not even a half-hour before he tweeted that, <a href=«https://twitter.com/elonmusk/status/1525612988115320838?ref_src=» https: screenrant.com target="_blank" rel=«noopener noreferrer»>he posted
that Twitter's algorithm is manipulating users in a way they don't realize. He told his followers that it was “easy to switch back & forth [between the feeds] to see the difference.” It didn’t take long for
Read more on screenrant.com
