But on Monday, the Tesla CEO's lawyer threatened to sink his bid in a letter to Twitter saying the company, "refused to provide the information that Mr. Musk has repeatedly requested since May 9, 2022 to facilitate his evaluation of spam and fake accounts on the company’s platform."
Sign up for our new free Indy100 weekly newsletter
Musk requested to perform an independent evaluation of the platform's spam and bot accounts which Twitter, seemingly, has not complied with.
"Based on Twitter’s behavior to date, and the company’s latest correspondence in particular, Mr. Musk believes the company is actively resisting and thwarting his information rights (and the company’s corresponding obligations) under the merger agreement. This is a clear material breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement," the letter continues.
Publicly, Twitter has reported that less than five percent of users are bot or spam accounts. But Musk has refuted the claim saying the number could be 20 percent or higher.
\u201c@Teslarati 20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.\n\nMy offer was based on Twitter\u2019s SEC filings being accurate.\n\nYesterday, Twitter\u2019s CEO publicly refused to show proof of <5%.\n\nThis deal cannot move forward until he does.\u201d