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.

The Dirty Dozen: Will the Destroyer of Society Please Stand Up

Everyone seems to be searching for the one thing that is destroying society, as if there were a single cause that could be identified, isolated, and addressed.

Blue-White’s economic engine

Penn State’s Blue-White game shows how a university, its town, and business leaders turn a simple spring football practice into an economic engine.

Will Obama and Clinton Face Justice?    

There is interesting, even earth shaking, news currently being reported on, and this news can easily be seen in these three related stories.

DOJ Quietly Retracts John Brennan Subpoenas, Offers No Explanation

Greasy Deep State eel in a human skinsuit, John Brennan, may have slipped the proverbial noose once again.

OOOOOH, That Smell!

Like dead fish, the stench of politics is overpowering, and yet political elites tell you what you’re smelling ain't what they're cooking.

Shots Fired at White House Correspondents’ Dinner, President Evacuated

President Donald Trump and First Lady Melania Trump were evacuated from the White House Correspondents’ Association dinner at the Washington Hilton.

US Exports of Crude and Petroleum Products Hit Record Highs

America’s energy exports have hit record highs as the world navigates the uncertainty surrounding oil and gas shipments through the Strait of Hormuz.

SBA Refers 562,000 Suspected Fraudulent Loans Worth $22.2 Billion to Treasury

The SBA has referred 562,000 loans suspected to be fraudulent to the Treasury Department for collection, the agency said in an April 24 statement.

Microsoft Offers Buyouts, Meta Lays Off 10 Percent of Workforce

Microsoft will offer voluntary buyouts to some of its U.S. staff as the software titan adapts to the artificial intelligence (AI) climate.

Treasury Sanctions Iran-Linked Chinese Oil Refinery, 40 Vessels

The Treasury Department sanctioned a Chinese refinery and 40 shipping firms and vessels found to be providing a lifeline to the Iranian oil economy.

Trump Admin Begins Process to Downgrade Marijuana Classification

The Trump administration announced plans to reclassify approved marijuana products as a less dangerous drug under federal law.

Gas Prices Will Return to Low Levels After Iran Conflict Ends, Bessent Says

Treasury Sec. Scott Bessent said relatively high gas prices will not last long but any change is contingent on when the US and Iran cease hostilities.

Trump Participates in Historic Bible-Reading Marathon to Celebrate Nation’s 250th Anniversary 

President Trump read passages from the Bible on April 21 from the Oval Office at the White House as part of the “America Reads the Bible” celebration.
spot_img

Related Articles

Popular Categories

MAGA Business Central