- Musk pledged $44 billion to buy Twitter for $54.20 a share.
- Musk alleged that Twitter misrepresented the prevalence of spam accounts.
Elon MuskThe CEO of Tesla tweeted a screenshot of several fake accounts claiming to be the CEO of Binance Changpeng Zhao He responded to MUSK yesterday and claimed that “90% of [his] Comments are bots.” The official Binance Twitter account responded, “Twitter please, I see enough of my boss already.”
Quickly then, Zhao spoke up to say that despite being the original poster below the tweet, 90% of Musk’s responses are bots. Musk pledged $44 billion to buy Twitter for $54.20 a share, beginning a long and difficult journey to acquire the social networking site.
Musk asks for stats
When Musk announced his intention to make the purchase, Zhao backed him with an investment of $500 million in the deal. Sequoia Capital and Andreessen Horowitz, two prominent crypto-focused firms, also contributed $800 million and $400 million, respectively. The Tesla CEO had ambitious intentions to turn Twitter before he tried to back out of the deal.
It is alleged that Musk wanted to open up Twitter’s source “so that people could criticize it, improve it, or identify potential errors or biases.” This was according to a transcript of an internal question-and-answer session obtained by Vox. In addition, a subscription system that accepts Dogecoin was to be developed, along with an edit button to make changes to existing content.
Tesla CEO Musk has sued Twitter since April when the original agreement was signed. Musk alleged that Twitter misrepresented the prevalence of spam accounts on the service. More importantly, Musk said the purchase “can’t go forward” unless Twitter makes this information public.
While Musk signed a $44 billion merger deal with Twitter. He alleges in the petition that he was “scammed by Twitter”.
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