Elon Musk’s new victory
Elon Musk took another big step when a court ordered Twitter to provide more information about the number of fake accounts and bots on the platform.
In a Delaware court hearing this week, Twitter attorney Bradley Wilson argued that the platform has less than 5 percent of fake accounts or bots. He emphasized the strict implementation of the court order regarding the accurate counting of the number of daily active users. The company also denied that it deliberately published “false numbers” to mislead investors.
The incident comes after Twitter’s former security chief Peter Zatko accused the company of unfairly reporting the number of spam accounts and automated bots among its 288 million daily users. He also said there was substantial evidence that Twitter had been dishonest in its shareholder reporting.
On Aug. 25, Delaware District Court Judge Kathleen McCormick ordered Twitter to hand over the 9,000 accounts that were approved late last year. In addition, the social network has to share a number of documents related to other internal discussions and analysis with the actual number of Twitter users.
Experts believe this is another win in the US billionaire’s $44 billion legal battle with Twitter. But the judge disagreed, arguing that Tesla’s CEO and legal team “were asking too much” and that there should be limits on Twitter’s data requests.
“Musk’s demand to force the social network to analyze 200 million accounts with trillions of data is huge. Twitter has big problems with these numbers.” financial times Quoted by Judge McCormick.
In a statement to the judge, Musk’s attorney, Alex Spiro, said his team wanted to see the information the social media company had been hiding for months. This could be important information related to allegations that Twitter misled investors with fake account numbers.
Twitter did not comment on the judge’s decision or Musk’s attorney’s request.
Although Twitter says the number of spam accounts on its platform is less than 5%, Musk released an analysis earlier this month saying the number should be at least 10%. In its Aug. 25 ruling, the court also ordered the South African-born billionaire to share that 10 percent estimate with Twitter.
“Musk has Twitter’s closest and most accurate sources of information,” said Anthony Casey, professor of law and economics at the Chicago Law School. The fact that former executives like Zatko have spoken out on the social media platform confirms that it is Musk. Argument may be valid.”
A $44 billion lawsuit between Twitter and billionaire Elon Musk went to trial Oct. 17 in a Delaware court. Both parties have sent numerous requests to celebrities and tech companies. Mook asked Twitter co-founder and former CEO Jack Dorsey to testify in court. Dorsey is a longtime friend of Musk and a supporter of the billionaire’s purchase of the social networking site.
Kung Nha (Consequences financial times)