According to the media outlet, Musk is reportedly about to formally cancel the deal because he doesn’t trust a trust is a fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary. the statistics provided by the team. Twitter, y presume que al menos el 20% de las cuentas operativas en la red social son falsas.
- Elon Musk plans to withdraw his offer to purchase Twitter.
- Musk has no confidence in the data provided by Twitter on the volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. of fake accounts.
- Twitter ensures that it is difficult for an external auditor to verify all the data.
- There is private user information that cannot be provided to Musk.
Reports reveal that Elon Musk, the eccentric tycoon responsible for such companies as Tesla y SpaceX, is apparently hesitating to finalize the deal for the purchase of the Twitter, as he is not convinced that the information provided about the number of fake accounts on the social network a network refers to all nodes in the operation of a blockchain at any given moment in time. is correct.
Elon Musk is reportedly about to turn down the purchase of Twitter
A report published by the media Washington Post claims that Musk is about to reject the deal to buy out Twitter, because he and his team believe that at least 20% of the users of the social network are fake profiles, so the data provided by the directive are not reliable in their view.
Faced with Musk’s misgivings about the data originally provided, the team of Twitter would have indicated that the figures are difficult for an external auditor to verify, since they include private user data that the platform a place to buy, sell and store cryptocurrency cannot share, such as contact information, geolocation and IP addresses.
Another aspect pointed out by the Twitter team is that they take very seriously the measures to mitigate fake accounts, which is why they remove at least one million of them a day, thus protecting users of the social network from interactions that lend themselves to irregular events.
On the agreement, a representative of Twitter reported the following to Bloomberg:
“The deal is in the best interests of our investors. We intend to close refers to the closing price; similar to the same term used in stock trading. the transaction at the agreed price and terms.”
Twitter strives to comply with the request of Musk
In another report previously published by theWashington Post, the team of Twitter claims that it will strive and try to comply with the demands of Elon Musk, so they will offer access to the tycoon to the full flow of information that records the social network.
The information was offered by a person with knowledge of the case, which indicated that this will seek to calm the doubts of Musk, just so he does not withdraw his proposal for the payment of USD $ 44.ooo million to become creditor of Twitter, although the tycoon has repeatedly stated that he would retract his offer if the number of fake accounts exceeds 5% of registered users.
The source indicated that Musk’s team would have access to a daily rate of 500 million tweets posted each day, but this doesn’t seem to have met the tycoon’s needs, so negotiations would currently be at a very delicate point.
The truth is that Musk’s doubts about whether or not to cancel the deal have already had an impact on the share price of the company. Twitter, as for this Friday, July 8, they registered a 4% drop.
- Elon Musk clarifies to Twitter workers his idea of free speech for the social network
- Elon Musk hints at canceling Twitter buyout due to “breach” of agreement
- Elon Musk says Twitter purchase is “temporarily suspended,” says Dogecoin “has potential as a currency”
Version by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash