"He is trying to walk away from the Twitter deal, this is the first shot across the bow," Wedbush analyst Dan Ives said. In his letter, Musk said he needs the data to conduct his own analysis of Twitter users because he did not believe in the company's "lax testing methodologies." Twitter has said it stands by its projections and it cannot provide proprietary information on how it produces them. Independent researchers have projected that 9% to 15% of the millions of Twitter profiles may be bots. He has said he believes spam bots constitute at least 20% of the user base.
He tweeted that the Twitter deal was "temporarily on hold" in mid-May, saying he will not move forward with the offer until the company showed proof that spam bots account for less than 5% of its total users. "Twitter has and will continue to cooperatively share information with Musk to consummate the transaction in accordance with the terms of the merger agreement," the company said in a statement.Ī self proclaimed free-speech absolutist, Musk has said one of his priorities will be to remove "spam bots" from the platform. Twitter responded that it planned to enforce the completion of the deal on the agreed terms. In the letter to Twitter, Musk's lawyers reiterated his request for details on bot accounts and said he reserved all rights to terminate the acquisition as the company was in a "clear material breach" of its obligations by not providing him with the information.
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