Musk again denounced the large number of fake accounts that make use of his name on the social network, a complaint also supported by the CEO of Binance, Changpeng Zhao, who has also been affected by this problem.
- Musk warns about the large number of fake accounts that make use of his name
- Zhao from Binance also supported these allegations
- The signaling comes amidst problems between Musk and the board of Twitter
- Musk withdrew his $44 billion bid to take over social network a network refers to all nodes in the operation of a blockchain at any given moment in time.
Tesla CEO and SpaceX, Elon Musk, revealed yesterday that approximately 90% of his comments through Twitter bots automated software that can carry out tasks such as cryptocurrency trades. do it, referring specifically to the large number of cloned accounts that make use of their name to deceive and / or defraud users of the social network.
He made the revelation by sharing an image of tweets from clone accounts pretending to be the CEO of Binance, Changpeng Zhao (CZ), which showed how many of them made comments and shared links to misleading pages. Musk indicated that he was also going through this problem, highlighting the need to address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. this problem that is present in Twitter.
And 90% of my comments are bots ???? pic.twitter.com/A7RKyNJZoR
– Elon Musk (@elonmusk) September 5, 2022
In Musk’s thread also wrote a message the official account an account is essentially a whose purpose is to track the financial activities of a specific asset/ of Binance, where they jokingly asked for help from the team of Twitter for “not to see so many messages from your boss (CZ)”:
@Twitter please, I see enough of my boss already.
Can you help so I don’t have to see him 99x more each day?
– Binance (@binance) September 5, 2022
Musk and criticism of Twitter
Musk’s remarks point to the criticisms he has been making for months to the social network, as he and his team emphasized the high number of bots and fake accounts present in the social network. Twitter, This is the reason why it cancelled its plans to acquire the platform a place to buy, sell and store cryptocurrency for a payment of USD $44 billion.
Musk’s plans to take over the social network generated a lot of commotion in different scenarios. Those who supported this move claimed that the tycoon would make changes to ensure true freedom of expression on the platform, while those who did not support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. this business move predicted that this would only strengthen the tycoon’s monopoly within highly reputable companies in various sectors.
In the face of Musk’s criticisms and constant finger-pointing, this hand in hand with the tycoon’s mistrust of the data provided by Twitter, which did not give him certainty that staff were making sufficient efforts to ensure higher standards of security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. on the social network.
The dispute over the purchase of Twitter
Far from being settled the matter after the withdrawal of the purchase offer by Musk, the directive of Twitter is taking legal action against the tycoon for his actions.
In a communication sent to the SEC, Musk’s team stated:
“We write on behalf of X Holdings I, Inc. and X Holdings II, Inc. (the “Musk Parties”) to provide additional notice of rescission of the Agreement and Plan of Merger by and between the Musk Parties and Twitter, Inc. (“Twitter”) dated April 25, 2022 (the “Merger Agreement”). On July 8, 2022, the Musk Parties terminated the Merger Agreement (the “July 8 Termination Notice”) on certain grounds. Twitter has since challenged the validity of the July 8 Rescission Notice and contends that the Merger Agreement remains in effect, a position that the Musk Parties are challenging.”
“ Allegations regarding certain facts, known to Twitter prior to July 8, 2022, but not disclosed to the Musk Parties prior to and at that time, have since come to light and provide additional and distinct bases for terminating the Merger Agreement. Although the Musk Parties believe that this termination notice is not legally necessary to terminate the Merger Agreement because they have already validly terminated it pursuant to the July 8 Termination Notice, the Musk Parties are delivering this additional termination notice in the event that the July 8 Termination Notice is determined to be invalid for any reason.”
As such, Twitter filed a lawsuit against Elon Musk on July 13 with the Delaware Court to fulfill the purchase agreement and, shortly thereafter, Tesla’s CEO countersued the social media company on Aug. 1. .
- Elon Musk sends new letter to ratify end of Twitter buyout
- Elon Musk countersues Twitter as trial date set
- Twitter sues Elon Musk to enforce $44 billion buyout deal
Article by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash