According to a source with knowledge of the situation, Elon Musk’s legal team has demanded that Twitter Inc. (NYSE:TWTR) provide the names of the individuals responsible for calculating the percentage of bot and spam accounts on the social media platform.
Bot and spam accounts on Twitter (NYSE:TWTR) have become essential to the court battle over whether Musk, the CEO of Tesla (NASDAQ:TSLA), must complete his $44 billion takeover of the social media platform. The business magnate and investor announced last month that he was ending the agreement due to Twitter’s refusal to disclose information on these accounts. Twitter (NYSE:TWTR) sued him to finalize the purchase, and the company has stated that the lawsuit does not influence the agreement with Musk.
Musk and Twitter
Twitter (NYSE:TWTR) and Musk are in the discovery phase of their case and are preparing for a Delaware trial that is slated to begin on October 17th. Both parties have sent subpoenas to banks and advisors to collect proof. The process also includes determining “custodians,” or those with authority over pertinent information.
According to a source, in a letter submitted under secrecy on Tuesday, The Chief Engineer at SpaceX’s attorneys urged the presiding judge to compel Twitter (NYSE:TWTR) to send over the employee names so the defense team can interview them. Both the social media platform’s and the CEO’s attorneys declined to comment. Twitter (NYSE:TWTR) has previously stated that it collaborated with the Product Architect of Tesla to offer crucial information to close the purchase.
The American firm Twitter Inc. (NYSE:TWTR) owns Twitter (NYSE:TWTR) , a microblogging and social networking service on which users post and engage with messages known as “tweets.” Registered users can post, like, and retweet tweets, however, unregistered users can only view publicly accessible tweets. Users connect with Twitter (NYSE:TWTR) via browser or mobile frontend applications or programmatically via its APIs. Before April 2020, services could be accessed by SMS. Originally, Tweets were limited to 140 characters, but in November 2017 the limit was increased to 280 for non-CJK languages. For the majority of users, audio and video tweets are still limited to 140 seconds.
Twitter (NYSE:TWTR) was established in March 2006 by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams, and launched in July of that year. Twitter, Inc. is headquarters in San Francisco, California, and has more than 25 offices throughout the world. In 2012, more than 100 million users posted 340 million tweets per day, and the service processed an average of 1.6 billion daily search requests. In 2013, it was one of the top ten most-visited websites and has been referred to as the SMS of the Internet. Twitter had around 330 million monthly active users as of the beginning of 2019. A handful of Twitter users compose the overwhelming bulk of tweets.
The Twitter (NYSE:TWTR) board of directors approved a $44 billion buyout by Elon, the CEO of SpaceX and Tesla (NASDAQ:TSLA), on April 25, 2022, potentially making it one of the largest deals to privatize a corporation. He announced on July 8, 2022, that he was ending the agreement, citing the social media company’s failure to give information regarding bogus accounts on the network. Consequently, Twitter (NYSE:TWTR) board chair Bret Taylor vowed to seek legal action against Musk, filing a complaint against him on July 12 in the Chancery Court of Delaware.
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