On Friday, July 8, 2022, billionaire Elon Musk tweeted about terminating his deal to buy Twitter for 44 billion dollars, know the meaning of bot info
Musk allegedly dropped the deal due to a large number of spam-bot accounts on the platform.
Musk shared a meme about Twitter bots featuring himself.
What Is Meaning Of Bot Info On Twitter After Elon Musk Meme Goes Viral
— Elon Musk (@elonmusk) July 11, 2022
Elon Musk terminates Twitter deal
Musk has shared a letter for termination of the deal. The letter states, that he is not buying Twitter because there has been a “misleading representation” about the number of fake accounts on the platform.
He also claimed that the company had not provided him with the data he required to analyze the business.
Musk’s lawyer, Mike Ringler, also claimed that the company tried to conceal some information that was critical to the deal’s completion.
Twitter’s Response
Twitter has responded head-on to the billionaire’s accusations. On July 10th, Twitter shared a public letter addressed to Musk’s lawyer. The letter states that Elon Musk’s action to terminate his $44 billion purchase of the social media company is “invalid and wrongful.”
“Twitter has breached none of its obligations under the Agreement.”, said legal counsel William Savitt of the firm Wachtell, Lipton, Rosen & Katz who are part of the legal team of the social media platform.
Before this, Twitter’s chairman, Bret Taylor addressed Elon Musk for pulling out of the deal and tweeted, “The Twitter Board is committed to closing the transaction on the price and terms agreed on with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.”
The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.
— Bret Taylor (@btaylor) July 8, 2022
What are “Twitter bots”?
Twitter bots or spam bots are inauthentic, fake accounts that mimic how real people use Twitter. While some spam accounts are automated, others are run by real people, making their detection challenging.
Bots can do a variety of things, including tweet at people, share tweets, follow people, and be followed in return.
Twitter-owned bots are used to assist users to find relevant information. While the other bots are used by governments or corporations for flagitious purposes. In 2016, during US presidential elections, Russia attempted to sow discord among American voters by using spam bot accounts.
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