In a briefing Thursday with Twitter executives, the company attempted to explain its fake and bot accounts, saying it removes 1 million spam accounts daily.
Elon Musk’s team has continued to raise concerns over “spam bots” on the platform. Musk indicated he would walk away from the deal if Twitter could not prove that less than 5% of active users are spam accounts. On Friday, Musk followed through with his threat, accusing Twitter of offering inaccurate numbers by underestimating the number of spam bots and terminating the $44 billion dollar acquisition deal.
Musk openly mocked Twitter’s decision to hire a law firm to coerce him to complete the purchase, tweeting, “They said I couldn’t buy Twitter,” “Then they wouldn’t disclose Bot info,” “Now they want to force me to buy Twitter in court,” “Now they have to disclose bot info in court.”
— Elon Musk (@elonmusk) July 11, 2022
Bloomberg reported Sunday that Wachtell, Lipton, Rosen & Katz LLP would be representing Twitter against Tesla CEO Elon Musk after he announced on Friday that he intended to pull out of the $44 billion deal to acquire the social media company.
Twitter is said to have hired a heavy-weight law firm as it races to sue Elon Musk for moving to dump his $44 billion takeover, according to people familiar with the matter.
— Bloomberg TV (@BloombergTV) July 11, 2022
The report is already producing financial ramifications for Twitter.
— Bloomberg Markets (@markets) July 11, 2022