Not So Musky After All
A few months back, Elon Musk was looking at buying Twitter. His supposed reason was to keep free speech on the platform. The billionaire asked the company to prove there weren’t a pile of fake bot accounts, but it turned out there were way more than he was comfortable with. As CBS news reported, “Musk said his deal to buy Twitter can’t move forward unless it provides public proof that less than 5% of its accounts are fake or spam, as the company reported in a May 2 regulatory filing.” Since the company was required to accurately report the number of authentic accounts to the SEC, and the number that had been potentially inaccurate to a degree. Musk tweeted later on, “20% fake/spam accounts, while 4 times what Twitter claims, could be much higher. My offer was based on Twitter’s SEC filings being accurate.” With this new information, Musk began to pull out of the deal, sparking a tsunami of uncertainty around the platform’s future.
His lawyer informed Twitter lawyers that the deal would be off due to the conditions not being met. Twitter reciprocated by saying they were “committed” to the deal and confident in winning their case in court if needed.
So it seems that Twitter, for now, won’t be as Musky as originally thought. At least not for a while…
By Gretchen Hendrick Gardella, MLIS
Gretchen Hendrick Gardella is a Librarian with administrative, research, and vast technical skills. Ms. Gardella brings over 16 years of experience working in academic and public libraries to the discussion.