Entertainment

Elon Musk Challenges Twitter CEO Parag Agrawal to ‘Debate’ Over Bots Data

Elon Musk, the CEO of Tesla, has challenged Twitter's Parag Agrawal to a public discussion on bot data.

Responding to a tweet about his countersuit, Elon Musk said “If Twitter simply provides their method of sampling 100 accounts and how they’re confirmed to be real, the deal should proceed on original terms. However, if it turns out that their SEC filings are materially false, then it should not”.

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Musk also challenged Twitter CEO to a public debate on bot data and said if he proves that Twitter’s less than 5% of daily users are spam then Musk will buy Twitter for $44 Billion. “I hereby challenge @paraga to a public debate about the Twitter bot percentage. Let him prove to the public that Twitter has <5% fake or spam daily users!”

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Elon Musk launched his $44 Billion bid to acquire Twitter around 3 months ago. At first Twitter disagreed with Musk’s offer and adopted a “poison pill” strategy to stop Musk’s hostile takeover. Later Twitter agreed to sell itself but the deal was on hold for sometime because Musk wanted more data on spam counts and even threatened to walk away from the deal if data not provided.

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After that, Twitter agreed to grant Elon Musk access to their “Firehose” API which contains real time data of almost 500 million tweets posted every day but it wasn’t enough to satisfy Musk’s spam data concerns.

Around 20 days ago, Musk terminated the $44 Billion merger agreement and in response Twitter sued him in Delaware Chancery Court. Around a week ago, Delaware Chancery Court Judge Kathaleen McCormick scheduled the trial from 17th October to 21st October.

Around a week ago Elon Musk countersued Twitter after Delaware Court Judge scheduled the trial over $44 Billion merger agreement from 17th to 21st October. The countersuit says Twitter deliberately falsified the data on spam counts “to mislead investors about the company’s prospects”.

The lawsuit says Twitter has 65 million less monetisable daily active users than the 238 million it claims and Twitter’s SEC filings contain “numerous, material misrepresentations or omissions that distort Twitter’s value and caused the Musk Parties to agree to acquire the company at an inflated price”.

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Hello, My name is Mia Lalisa and I am glad to have you here on Newspaper24hr. I am part time blogger and author. I have a strong passion for Football.

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