Twitter said it agreed to give Elon Musk access to the tweet stream

Elon Musk threatened to pull out of a $44 billion deal for Twitter, saying the company refused to provide him with information about its fake accounts.

So Twitter is now planning to give Mr. Musk accessed a large portion of his data, possibly due to his latest tweet.

The social media company agreed to allow Mr. Musk’s direct access to his “fire hose,” the stream of millions of tweets that stream through the company’s network on a daily basis, according to a person familiar with the decision. the master. Musk will have full or partial access to this inconspicuous “fire hose”.

information will give mr. The catch is the tools to find out the number of fake accounts on the Twitter platform. But it’s unlikely to help him come to Twitter’s conclusion that 5 percent of his active accounts are fake, because the company uses a different methodology that includes proprietary data and human analysis to come up with that number. the master. Musk said he does not believe that only 5 percent of active Twitter accounts are fake.

Twitter’s move may make it more difficult for Mr. Hold to end the deal. On Monday, his lawyers sent a letter to the company, accusing it of obstructing his efforts to obtain information necessary to finalize the acquisition. for weeks, mr. Musk has also tweeted increasingly vexed comments about fake Twitter accounts, apparently paving the way for a renegotiation or exit of the agreement.

the master. Musk agreed to buy Twitter in April for $54.20 a share. If the deal collapses, there is a $1 billion breakup fee. But the agreement includes a “specific performance clause,” which gives Twitter the right to sue and force it to complete the deal or pay for it, as long as the debt financing it agreed to remains intact.

A Twitter spokesperson declined to comment on Mr. Musk’s access to the stream of tweets, but he referred to an earlier statement.

“Twitter has and will continue to share information collaboratively with Mr. Musk to complete the transaction in accordance with the terms of the merger agreement,” Twitter said. 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.”

the master. Musk did not respond to a request for comment. The Washington Post previously reported that Mr. Musk got a Twitter fire hose.

The company often shares confidential data with the acquirer, negotiating data sharing standards before any deal is signed. but mr. Musk ditched his due diligence when he agreed to buy the social media company, and Twitter began sharing classified information with him last month.

One of Twitter’s concerns about sharing information was Mr. Musk’s previous statements, both publicly and to the company, have stated that he was considering starting a competing social media service, the New York Times reported. Usually, these matters are addressed by determining who has access to this information.

the master. Musk said in his letter this week that he will ensure that a nondisclosure agreement obligates anyone to review confidential data provided by Twitter. He also said he would not keep or share sensitive information about Twitter if the deal fell apart.

once mr. Company insiders said that Musk is gaining access to the Twitter thread, and will likely need a team of experts to analyze the data, as well as the computing power to process and store the vast amount of information.

while the information that would provide mr. Insight into the number of fake Twitter accounts for Musk, and it will also provide him with the data needed to plan the business in the event the acquisition closes. the master. Musk told investors he wanted to reduce Twitter’s reliance on ad revenue and enter a new payments business.

For years, Twitter has been counting the number of users the way many of its peers do, by reporting the number of people actively using the service on a monthly basis. But in 2019, the company turned to what it said was a more accurate metric for measuring a business’s health: “monetable daily active users” — the number of people active on the site per day that can be used to generate profit ads.

As of April, Twitter reported that it had 229 million monetized daily active users. Of those, Twitter estimated 5% to be fake.

As Texas Attorney General Ken Paxton said Monday, he is opening an investigation into fake Twitter accounts and how they affect citizens in the state. Strategists saw this move as an appropriate political way to align with Mr. musk. Tesla, mr. Musk’s electric vehicle business is headquartered in Austin, Texas. the master. Musk has also moved to Texas from California, and his rocket company SpaceX has a location in the state.

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