Twitter to Hand Over Requested Data to Musk

Twitter to Hand Over Requested Data to Musk
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Twitter agreed to ease an ongoing row with its prospective new owner Elon Musk by offering to hand over data about tweets sent on the platform and the user information. The move could save the billionaire’s proposed $44 billion takeover bid.

The social media company has offered Musk and his team access to the platform’s so-called “firehouse“, which includes data on users’ devices and information of associated accounts, as well as the hundreds of millions of tweets sent on the platform each day, according to Washington Post. Twitter’s offer comes after Musk threatened to pull out of the deal to acquire the company unless it provided him with information about how it calculated the number of fake accounts on its platform.

In a filing related to its first-quarter earnings, Twitter estimated in May that false or spam accounts represented 5% or less, which led to Musk putting his $44 billion takeover on hold. However, it is unclear if Twitter’s latest offer will be enough to appease Musk, considering the information is already available at a price, with around 24 companies already paying for it for research and marketing purposes.