Victory For Musk.  Twitter To Allow His Team To Start Sifting Through The 500 Million Daily Tweets To See What’s Real. 

FILE - The Twitter application is seen on a digital device, Monday, April 25, 2022, in San Diego. Twitter shareholders have filed a lawsuit accusing Elon Musk of engaged in “unlawful conduct” aimed at sowing doubt about his bid to buy the social media company. The lawsuit filed late Wednesday, May 25, 2022, in the U.S. District Court for the Northern District of California claims the billionaire Tesla CEO has sought to drive down Twitter’s stock price because he wants to walk away from the deal or negotiate a substantially lower purchase price. (AP Photo/Gregory Bull, File)

The stalemate is over.  Twitter’s board of directors agreed to give in to Elon Musk’s demands for all their internal data so he can determine how many fake accounts and bots are running rampant on the social media site he is purchasing (potentially). 

Having limited time from being CEO of three rather large companies, hopefully, Musk has an army of assistants to sort through the more than 500 million tweets posted each day, which is essentially what Twitter is giving Musk access to, according to the Washington Post. 

Musk had threatened to take his $44 billion off the table and bail on the deal without better knowledge of what exactly he was buying. The Post reported that the data could be made available starting this week. 

Musk wants to get to the bottom of the user data because if the site is loaded with more fakes than Twitter claimed, five percent, it could reduce ad revenue potential.  That’s what Musk’s attorneys told Twitter in a letter this week. Simply put, if the number of real users is much smaller than what Twitter has said, it is evident that fewer human users mean less opportunity to maximize ad revenue. 

Here’s part of a statement a Twitter spokesperson provided to the Post. 

“Twitter has and will continue to cooperatively share information with Mr. Musk to consummate the transaction in accordance with the terms of the merger agreement. We believe this agreement is in the best interest of all shareholders. We intend to close the transaction and enforce the merger agreement at the agreed price and terms.”

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