Musk to Hold First Meeting With Twitter Employees Since Launching Takeover Bid

5Mind. The Meme Platform
The Epoch Times Header

Tesla CEO Elon Musk is set to hold his first meeting with Twitter staff this week amid his bid to purchase the social media company.

The virtual meeting, which is set to take place on June 16, was first reported by Business Insider after being announced by Twitter CEO Parag Agrawal in an email to staff on June 13. It was subsequently confirmed to the BBC by a Twitter spokesperson.

The Epoch Times has also contacted a Twitter spokesperson for comment.

In his email to Twitter employees, Agrawal said they could submit questions to businessman Musk ahead of the meeting which he could then answer.

The planned meeting will mark the first time that Musk, the world’s richest person, has addressed Twitter workers since he launched his $44 billion takeover bid of the company.

However, that bid is currently on hold amid a disagreement over precise figures regarding the exact number of automated or “bot” accounts that exist on the platform.

In May, Musk accused Twitter of allowing a significant number of bot accounts on the platform and asked that the company provide him with data stating the exact number of bot accounts, which he estimates to be up to 90 percent.

Twitter has stated during its first quarter of 2022, spam accounts represented fewer than 5 percent of monetizable daily active users, a statement that Musk disputes.

The businessman has subsequently said he will not go ahead with the deal unless Twitter provides an exact figure pertaining to spam accounts.

In a letter sent to Twitter’s chief legal officer Vijaya Gadde on June 6, Musk’s lawyers accused Twitter of “resisting and thwarting” his attempts to obtain information about the bot accounts and that doing so is a “material breach” of the deal agreement.

Lawyers said that Twitter has “refused to provide the information that Mr. Musk has repeatedly requested since May 9, 2022, to facilitate his evaluation of spam and fake accounts on the company’s platform” and that “Twitter’s latest offer to simply provide additional details regarding the company’s own testing methodologies, whether through written materials or verbal explanations, is tantamount to refusing Mr. Musk’s data requests.”

“Mr. Musk has made it clear that he does not believe the company’s lax testing methodologies are adequate so he must conduct his own analysis. The data he has requested is necessary to do so,” lawyers noted.

Such a material breach, lawyers said, allows for Musk “not to consummate the transaction” and “terminate the merger agreement.”

By Katabella Roberts

Read Original Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.
00:02:22

Young Washington: Movie Review

Sitting in the theater watching Young Washington, I found myself wondering why this story hadn’t been made into a film sooner.
00:02:08

A Movie That’ll Keep You Awake: A Great Awakening

So how does someone (me) who thinks they’ve just seen the greatest movie ever (A Great Awakening), persuade you to watch it?

Ring That Bell

If I could travel back in time to 1776,...

Thoughts On America 250

Before you, American reader, is the honor, blessing, and privilege of celebrating the 250th anniversary of our nation. A nation toward which God has been merciful, shining His great grace.
00:01:39

Citizen Vigilante Delivers the Warning Western Governments Desperately Need to Hear

Citizen Vigilante shows what happens when the state stops defending the native population and shields favored migrant groups while criminalizing native dissent.

Federal Judge Approves End of Temporary Protected Status for Nearly 4,000 Burmese Nationals

A federal judge permitted the DHS to end temporary protected status (TPS) for nearly 4,000 people from Burma.
00:02:00

Judge Denies Southern Poverty Law Center’s Bid to Dismiss DOJ Indictment

A federal judge rejected the SPLC bid to dismiss charges brought by the DOJ, saying the nonprofit failed to show that the prosecution against it was vindictive.
00:02:19

Older Homeowners Paying ‘Seniority Tax’ When Refinancing Mortgages: Bankrate

Older U.S. homeowners are increasingly paying a hidden premium when they refinance their mortgages, which a new analysis calls the “seniority tax.”

FBI Undergoing Sweeping Reforms, Fastest Transformation in Bureau’s History: Director Patel

Director Kash Patel’s first 14 months included a major overhaul of the agency’s operations, structure, and technology.
00:02:03

Senate Confirms Todd Blanche as Attorney General

President Trump’s nominee for AG, Todd Blanche, has been confirmed in the Senate after a few fellow Republicans reconsidered their opposition.

Senate Confirms 74 Trump Nominees, Including 4 US Attorneys

The Senate confirmed four U.S. attorneys, four U.S. marshals, and the inspector general for the DOJ in a package of 74 executive nominees.
00:02:07

Trump Signs Orders to Curb Birthright Citizenship, Target Birth Tourism

President Trump signed two EOs that will restrict automatic citizenship to ​children born in the US because of commercial birth tourism and several other factors.
00:01:20

Blanche Nomination Advances to Senate Floor Vote

The Senate Judiciary Committee on Aug. 3 advanced the nomination of Todd Blanche as U.S. attorney general after he struck a deal with two GOP holdouts.
spot_img

Related Articles

Popular Categories

MAGA Business Central