Twitter’s Board of Directors has apparently agreed to comply with Tesla CEO Elon Musk’s demands over the social media company’s bot data after several weeks of negotiations. Musk has previously stated that he would postpone his purchase of Twitter until the social media platform presented him with legitimate data on its phoney and spam accounts.
The impasse between Twitter and Tesla CEO Elon Musk is likely to come to an end now that the company’s board has apparently caved in to Musk’s demands. It might, however, have an impact on the price of the buyout, as Musk implied when he questioned Twitter’s claim that less than 5% of its users are bots.
According to The Washington Post, Twitter’s board plans to comply with Musk’s requests by giving him access to the company’s whole “firehose.” According to a source acquainted with the social media platform’s plans, the firehose is a stream of data containing over 500 million tweets posted every day.
The intelligence might be sent to Musk as soon as this week, according to the Post’s source. However, this information is not exclusive, as Twitter charges around two dozen corporations for access to the firehose. The data in the firehose is valuable because it includes a real-time record of tweets, protection against spam bots on Twitter, real-time information about the devices from which they are tweeted, and information about the accounts sending out the tweets.
It’s unclear whether Musk’s legal team will view the data from Twitter’s firehose as a solution to his concerns. It should, however, reveal additional information about Twitter’s internal workings, which Musk’s legal team believes is necessary for determining the amount of spam and bot activity on the network, which might affect the company’s ad revenue.
Elon Musk’s legal team has recently raised the pressure on Twitter, with the CEO stating that if the platform’s bot data is not delivered, he will walk away from the transaction.
“Mr. Musk believes Twitter is deliberately rejecting and undermining his information rights (and the company’s associated obligations) under the merger agreement, based on the company’s recent correspondence in particular.
This is a clear significant breach of Twitter’s merger agreement obligations, and Mr. Musk reserves all rights arising from it, including the right not to complete the deal and the right to cancel the merger agreement,” Musk’s legal team stated.