Tesla CEO challenged Twitter CEO to a public debate over the social media giants
In the Twitter deal, Tesla chief Elon Musk challenged Twitter CEO Parag Agrawal to a public debate over the social media giants amid a legal battle over a $44 billion acquisition gone awry. Its results will almost inevitably be skewed in Musk’s favor. Agrawal cleared the air on what exactly these terms are and how the company tackles them. Twitter dismissed a claim by Musk that he was hoodwinked into signing a $44 billion agreement to buy the company.
The Tesla and SpaceX executive issued the challenge after responding to a thread in support of his legal case against the company. Musk went a step further and said that if Twitter simply provides their method of sampling 100 accounts and how they’re confirmed to be real, the deal should proceed on original terms. Musk’s legal team said a Botometer analysis found a much higher number of fake accounts than the less than five percent claimed by Twitter.
Elon vs Paraga public debate:
Twitter first proposed to Elon Musk to join the board of directors after buying a substantial part of the company, which he accepted, then refused. Musk had called off the $44 billion deal after bidding for the social networking site and argued the number of users shown advertising on the platform is nearly 65 million lower than the firm’s 238 million figure. However, the CEO of Twitter did not design to respond to Elon Musk’s proposal, and to this day continues to sue Musk.
Musk said he was terminating his acquisition, and accused Twitter of presenting false numbers, including in its SEC filings, about the amount of monetizable daily active users, and the number of spam and bot accounts on the social network. The Twitter team updates its systems and rules constantly to remove as much spam as possible, without inadvertently suspending real people. Agrawal further went on to explain, First name BunchOfNumbers with no profile pic and odd tweets might seem like a bot or spam.
Twitter has said Musk cannot walk away from the deal since he did not seek any information on the issue while making the buyout offer. The company informed the court that it has complied in every respect with the merger agreement. Twitter team has accused Musk of violating a nondisclosure agreement by revealing that the sample size for the social media platform’s checks on automated users was 100. It will surely be necessary to wait a few more months to have the end of the story.