Twitter to provide Elon Musk with ‘firehose’ of internal data: Report

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The decision comes days after Musk submitted an SEC filing demanding access to the company’s internal data and threatening to withdraw his deal to purchase the social platform. The billionaire will now have access to the company’s “firehose” of internal data, the Washington Post reported.

The data could be provided as early as this week, according to the Washington Post. This source of internal data was previously available to two dozen companies that pay for access to a database containing a real-time record of tweets, location data, and private information from the relevant accounts. The companies with access to this data were not identified.

TEN PERCENT OF TWITTER’S ACTIVE USERS ARE POSTING SPAM, SUPPORTING MUSK SKEPTICISM: REPORT

Twitter’s leaders are reportedly skeptical as to whether access to this data would provide Musk additional insights into his allegations that 20% of Twitter’s user base is fake or spam bots. The data have been available to the companies to help them identify trends. Now, some analysts believe Musk wants to use the “bots” as an excuse to back out of the deal or to seek a lower price.

“Musk believes the company is actively resisting and thwarting his information rights (and the company’s corresponding obligations) under the merger agreement,” Musk’s SEC filing said on Monday. “This is a clear material breach of Twitter’s obligations under the merger agreement, and Mr. Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement.”

Twitter denied the allegations.

“Twitter has and will continue to cooperatively share information with Mr. Musk to consummate the transaction in accordance with the terms of the merger agreement,” the company said in response to the SEC filing. “We believe this agreement is in the best interest of all shareholders. We intend to close the transaction and enforce the merger agreement at the agreed price and terms.”

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

Musk announced on May 13 that his deal to purchase Twitter was “temporarily on hold” due to the company’s low estimate of spam bots. He has emphasized this point, claiming that the social platform’s user base consists of at least 20% bots or spam accounts. Twitter CEO Parag Agrawal has attempted to explain the company’s approach to identifying spam accounts, including using private information to determine if accounts are indeed bots or fake. Agrawal’s words did little to convince Musk that he was wrong.

If Musk attempted to end the deal, it would likely lead either to a lengthy lawsuit with Twitter or a $1 billion fee.

New data from social media analytics firm GlobalData appears to confirm Musk’s skepticism about Twitter’s spam bot estimates. However, the firm’s 10% spam account estimate is noticeably smaller than Musk’s initial estimates of 20%.

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