{"id":38897,"date":"2022-06-06T14:18:09","date_gmt":"2022-06-06T14:18:09","guid":{"rendered":"https:\/\/harchi90.com\/elon-musk-threatens-to-scrap-twitter-deal-over-breach-of-agreement\/"},"modified":"2022-06-06T14:18:09","modified_gmt":"2022-06-06T14:18:09","slug":"elon-musk-threatens-to-scrap-twitter-deal-over-breach-of-agreement","status":"publish","type":"post","link":"https:\/\/harchi90.com\/elon-musk-threatens-to-scrap-twitter-deal-over-breach-of-agreement\/","title":{"rendered":"Elon Musk threatens to scrap Twitter deal over &#8216;breach&#8217; of agreement"},"content":{"rendered":"<div>\n<p id=\"FklQJC\">Elon Musk says that Twitter is in \u201cclear material breach\u201d of their $ 44 billion acquisition deal and that he could \u201cterminate\u201d the agreement in response.  In a letter sent to Twitter this morning, Musk&#8217;s legal team claims that Twitter has failed to provide him with information on the service&#8217;s spam bot problem and that he&#8217;s entitled to receive that information under the deal agreement.<\/p>\n<p id=\"UFATGq\">&#8220;Mr.  Musk believes the company is actively resisting and thwarting his information rights di lui (and the company&#8217;s corresponding obligations) under the merger agreement, \u201dthe lawyers write.  The letter says Musk could choose \u201cnot to consummate the transaction\u201d because of the alleged breach of contract.<\/p>\n<div class=\"c-float-right\">\n<aside id=\"YhNpFt\"><q>Musk has been complaining about bots since shortly after he signed the deal<\/q><\/aside>\n<\/div>\n<p id=\"4SlP2h\">Musk has spent weeks complaining about the spam bot problem on Twitter in what has appeared to be a strange effort to escape a deal he signed barely more than a month ago.  Musk previously tweeted that the deal was \u201con hold\u201d due to his concerns around bots and said the deal \u201ccannot move forward\u201d until Twitter proves the accuracy of its spam counts.<\/p>\n<p id=\"rXj3Uj\">But it wasn&#8217;t until today that Musk made an official threat to back out of the acquisition, with most of his prior complaints being made in tweets and interviews.  Wedbush Securities analyst Daniel Ives <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/DivesTech\/status\/1533799677514104834\" target=\"_blank\">wrote this morning<\/a> that the letter indicates Musk is \u201clooking to walk away from [the] deal. &#8221;  Twitter did not immediately respond to a request for comment.<\/p>\n<p id=\"uBcUfJ\">Twitter estimates that less than 5 percent of its daily users are spam accounts.  Last month, Twitter CEO Parag Agrawal said the company had provided Musk with an explanation of how Twitter generates its spam estimates.  &#8220;We shared an overview of the estimation process with Elon a week ago,&#8221; Agrawal wrote in mid-May, &#8220;and look forward to continuing the conversation with him, and all of you.&#8221;<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk says that Twitter is in \u201cclear material breach\u201d of their $ 44 billion acquisition deal and that he could \u201cterminate\u201d the agreement in response. In a letter sent to Twitter this morning, Musk&#8217;s legal team claims that Twitter has failed to provide him with information on the service&#8217;s spam bot problem and that &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/elon-musk-threatens-to-scrap-twitter-deal-over-breach-of-agreement\/\"> <span class=\"screen-reader-text\">Elon Musk threatens to scrap Twitter deal over &#8216;breach&#8217; of agreement<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/cdn.vox-cdn.com\/thumbor\/HXkOVDBmMUp8DCkM1tk0V6jwhL4=\/0x146:2040x1214\/fit-in\/1200x630\/cdn.vox-cdn.com\/uploads\/chorus_asset\/file\/23382327\/VRG_Illo_STK022_K_Radtke_Musk_Twitter_Upside_Down.jpg","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/38897"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=38897"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/38897\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=38897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=38897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=38897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}