Elon Musk has announced that he still intends to acquire Twitter.
Musk said that his team would undertake a random survey of Twitter users.
On Saturday, as per a tweet by Elon Musk, a Twitter legal team contacted him for breaking a Non-Disclosure Agreement (NDA) by disclosing that the social media platform’s checks on automated users utilized a 100-person sample size.
Acquisition on Hold
Tesla CEO Elon Musk had postponed the acquisition of Twitter until the company could provide evidence to substantiate its assertions that spam/fake accounts make up fewer than 5 percent of its users. He said that his team would undertake a random survey of Twitter users to see if Twitter’s assertions about the number of bots on the microblogging site are real.
Musk tweeted:
“To find out, my team will do a random sample of 100 followers of @Twitter. I invite others to repeat the same process and see what they discover.”
Musk added, “I picked 100 as the sample size number because that is what Twitter uses to calculate <5% fake/spam/duplicate.” The legal team of Twitter has accused Tesla CEO Elon Musk of breaking an NDA because of these comments. Even though he’s been holding off on owning Twitter for a time, Elon Musk has announced that he still intends to acquire the microblogging service.
Elon Musk’s bid to take over Twitter has encountered another snag with the “temporary hold” tweet. As a side note, the announcement that the purchase had been placed on hold had caused Twitter’s stock price to drop by 19 percent. After announcing a so-called “poison pill” tactic to thwart the acquisition, the firm finally agreed to be acquired at the end of April.