Elon Musk knows everything! Recently, he exposed all the internal affairs of Twitter which shook the world. This has given a new twist to the fierce battle going on between Musk and Twitter where both the sides have been at loggerheads for the past few months.
Join us today as we tell you what Elon Musk just discovered about Twitter. You will be really surprised to hear this. How it all started The Twitter deal has created a ruckus on social media. The deal which is considered to be a path breaking deal for both the companies has now become a hot topic of discussion on the internet.
Unless you’ve been living under a rock, you probably have an idea of what we’re talking about. Recently, Elon Musk and Twitter boards shared the news that the two parties are joining hands for further business. Twitter was set to add Elon Musk to its list of shareholders, but then, something outrageous happened that caused the deal to go into hot water. We all know how serious Elon Musk is about ethical principles.
As a philanthropist, Musk has always cared about the well-being of customers. Thus, he makes sure to raise his voice against all fraudulent activities taking place in companies, even in secrecy. This is what happened between the two companies. While the deal was to be kept secret, Musk learned from various sources that about 20% of Twitter accounts are fake.
He said that most of the accounts created by Twitter are false and spam and the actual number of fake accounts is 4% more than the official claim of the company. When Musk came to know about this from various sources, he soon took serious steps which shocked the Twitter company. Still, it came as no surprise that the Twitter company denied all the claims.
Twitter is a huge company and it is not fair to make claims that tarnish its reputation and reduce its market value. Hence, Twitter CEO Agarwal reacted quickly to the situation. Spambots It is quite clear that the CEO of Twitter did not remain silent and quickly reacted to the situation. Agarwal tweeted that what Elon Musk said is nothing but a false statement and only 5% of accounts are spam and fake.
And you can expect about 5% spam from such a big company with billions of user accounts. But Agarwal further said that the Twitter board takes fake activities very seriously. Namely, he explained how the company has an entire process of vetting accounts, wiping out roughly 50,000 accounts every day. This ensures that the platform is free from all spambots. The battle is not over yet. Where Twitter clarified all the claims.
At the same time, stick to what Musk had claimed. And it makes sense, after all, it’s Elon Musk. Elon Musk will never go back on his words, especially when he has caused a lot of uproar on the internet. Taking forward his statements, Elon Musk gave a last warning that if the claims of the Twitter company are true, then they should be proved in the court.
Yes, you heard it right. After all the Twitter battles, Musk has taken a step forward to bring the matter to court. He said that the deal will go ahead only if the company proves in court that only 5 per cent of the accounts are fake. And if you’ve followed Elon Musk’s tricks and moves even remotely, you might know that he never shies away from making a bold move, even if it’s a simple tweet.
This is what Elon Musk did with his Twitter handle. He tweeted something that the Twitter board and the world never saw coming. Elon Musk not only tweeted about being proven spambots in court, but took his tweet a step further by tagging all Twitter members.
To make sure everyone saw the tweets, his tweet was proving to be spambots, followed by another tweet that said, “Anyone home?” In short, Elon Musk has proved yet again that he is the king of all sports and no company in the world can beat him.
Elon Musk’s incessant tweets forced the Twitter board to take the matter seriously and respond to the growing backlash. The board, however, could not prove the claim that it does. But, he presented his detailed methods on how to detect spambot activities on the platform. The Twitter board explained that they take a random sample of people and verify authenticity to remove spambots.
This certainly didn’t sit well with Musk and he stuck to his plan to find an alternative to termination. The deal is certainly significant for both parties, especially for the Twitter board. Elon Musk is the richest man in the world with an extraordinary mind. Thus, he may suffer negative consequences. But the Twitter board knows it will hurt their company, so they’re eager to strike a deal with Musk.
And this shows his next approach. After the ongoing battle, the Twitter board is keen to make the deal a success at any cost, thus, they have come up with a new proposal. The speculations going on in the markets say that this is indeed a great proposal which can be very beneficial for Musk. Thus, Elon Musk can accept it. But no one knows what lies behind Musk’s fascinating mind. He can literally turn the tide in the blink of an eye.
But before knowing Musk’s plans, here’s what the Twitter board has to offer Musk. According to The Washington Post, Twitter’s board plans to grant Musk’s wishes by giving him access to the company’s entire “firehose”. According to a source familiar with the social media platform’s objectives, Firehose is a data feed containing about 500 million tweets every day.
The intelligence could be sent to Musk as soon as this week, according to the Post’s source. Still, this information is not exclusive, as Twitter charges nearly two dozen corporations for access to Firehose. The information in Firehose is important because it contains a real-time record of tweets, as well as information on the accounts that sent the tweets. Getting a hands-on firehose is indeed an extraordinary offer for Musk, as this surprising offering will give him insider information about Twitter.
Apart from this, he will also get access to all the data that he ever wanted. But the story is still unclear. Although Twitter’s board has accepted giving Musk a firehose, we’re still unsure whether Musk’s defense attorneys will view Twitter’s firehose of data as a solution to their grievances. Still, it should reveal additional information about the inner workings of Twitter, which Musk’s legal team believes will determine the number of spam accounts and bot activity on the network affecting the company’s advertising revenue.
That is, the data that the Twitter team is providing should also contain all the confidential data. Kasturi has always been determined to erase wrongdoers from the picture and this time too she will not stop until Twitter is cleaned of all spambot activity. Musk has always been a fan of this social media platform and uses his Twitter account a lot, so the market leader wants to rid the platform of all fraud.
Elon Musk has a whole plan on how to make Twitter a better place for people. In short, he knows what he has to do with the stage. It may come as a surprise to you but according to Musk’s plans, it will be the exact opposite of what Twitter is currently offering, at least in terms of shareholder expectations. Furthermore, skeptics argue that if Musk takes this company private, he will be free to do whatever he wants.
In such a situation, he will make big changes in the company. Musk’s plans Musk is dead set on making major changes to the platform. He suggests some ways for Twitter to become less dependent on advertising as a revenue source. Their objectives include eliminating the salaries of board members and increasing revenue by finding new ways to monetize tweets. He also wants to add verified blue checkmarks, an ad-free interface, and additional editing capabilities to the $2.99/month Twitter Blue membership program.
Elon Musk’s legal team has recently increased the pressure on Twitter, with the CEO saying he would walk away from transactions if the platform’s bot data was not delivered. This is not a small threat for the Twitter company as the company is under a lot of pressure at the moment. That is, one thing is certain that if Elon Musk accepts this deal as a shareholder of the company, then the Twitter board will fulfill all his demands.
Talking about the actions taken so far by the Twitter board, and specifically the most recent letter to the business, Mr. Musk feels that the company is deliberately fighting its information rights (and the company’s associated responsibilities) under the merger agreement. . is and is decreasing. Twitter’s merger is a clear material breach of the agreement’s duties, and Mr. Musk reserves all rights arising out of it, including the right not to complete the deal and the right to cancel the merger agreement.
Elon Musk’s legal team said. The Final Plan Musk’s internal legal team is yet another amalgamation of goofy minds that no one can ever fight. Since sensitive data of a company is often shared with its acquirer, the terms of data sharing are discussed before any deal is signed. However, when Mr Musk admitted to acquiring the social media business he disregarded due diligence, Twitter began sharing personal information with him last month.
According to The New York Times, Mr Musk’s previous claims, publicly and privately, that he was considering building a competing social media site has been one of Twitter’s concerns about information sharing. Typically, such issues are resolved by restricting who has access to such data. Musk also wrote the letter and said that anyone analyzing Twitter’s personal data would be bound by a confidentiality agreement.
If the sale fails, they have also said that they will not keep or disclose confidential material about Twitter. According to industry sources, once Mr Musk has access to Twitter’s stream of tweets, he will need a staff of experts to evaluate the data as well as handle and store the massive amount of data . This will also require processing power. While the information will provide Mr Musk with knowledge of the number of false accounts Twitter has, it will also provide him with the data he needs to grow his company through acquisitions.
Mr Musk has told investors he wants to diversify Twitter’s sources of income away from advertising and set up a new payments service. For decades, Twitter has estimated its number of users in the same way that many of its competitors did: by reporting the number of individuals who use the site each month. However, in 2019, the firm moved to a figure that claimed monetizable daily active users.
ie – the number of individuals who are active on the site daily and can be used to earn advertising revenue. Twitter claimed 229 million monetized daily active users in April. Furthermore, it was still firm that only 5% are fake. The battle between the two companies is not over yet. While Musk has a lot of information in his hands, the Twitter board still hasn’t accepted that 20% of the accounts are fake. If you want to know what will happen next in the war.