US court orders Twitter to give Elon Musk spam account info
The recently planned takeover of Twitter by Elon Musk has gone haywire. There have been so many complications that Elon even dropped the contract. However, Twitter didn’t let it go and sued Elon Musk, which backfired on them. Twitter has been ordered by a US court to provide information about spam accounts to Elon Musk’s team in the event that they wish to acquire the company. Twitter has also been subject to investigation by the SEC regarding the same data.
Recently, Twitter filed a lawsuit against Elon Musk for $44 billion after Musk backed out of a purchase bid. But the explanation Elon gave for abandoning the purchase made a lot of sense. He argued that Twitter didn’t disclose appropriate information about the enormous spam account presence on Twitter. This is because the court has mandated it. Indeed, following Twitter’s legal action, Musk has countersued.
The judge warned that it would be time-consuming for Twitter to produce voluminous data and examine the accounts of many millions of users. So, they have been directed to generate a subset of 9,000 accounts for the same. The CEO of Twitter has stated that the company believes fewer than 5% of its users are spam or bots. So, they are also being examined by the SEC for revealing what procedures Twitter employs to identify spam accounts. Twitter said that it randomly selects thousands of users on the network to be assessed every quarter. That provides them with a rough estimate of the total number of spam accounts in the world. You might guess that this method is not foolproof and does have some problems.
If Elon does end up buying Twitter, he promises that it will become a place where individuals can freely express themselves. But the deal is even bigger than that, as Elon’s acquisition of Twitter would have enormous implications for his other businesses. Having the ability to publish whatever he wants on Twitter, where he has about $104 million followers, would be a huge benefit of the purchase. Not only has Tesla never spent money on advertising, it never will.