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 worldโ€™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 โ€œbotโ€ 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 Twitterโ€™s chief legal officer Vijaya Gadde on June 6, Muskโ€™s lawyers accused Twitter of โ€œresisting and thwartingโ€ his attempts to obtain information about the bot accounts and that doing so is a โ€œmaterial breachโ€ of the deal agreement.

Lawyers said that Twitter has โ€œrefused 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 companyโ€™s platformโ€ and that โ€œTwitterโ€™s latest offer to simply provide additional details regarding the companyโ€™s own testing methodologies, whether through written materials or verbal explanations, is tantamount to refusing Mr. Muskโ€™s data requests.โ€

โ€œMr. Musk has made it clear that he does not believe the companyโ€™s lax testing methodologies are adequate so he must conduct his own analysis. The data he has requested is necessary to do so,โ€ lawyers noted.

Such a material breach, lawyers said, allows for Musk โ€œnot to consummate the transactionโ€ and โ€œterminate the merger agreement.โ€

Byย 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 anti-wealth manifesto

Twenty-four years after 9/11, New York City elected a 34-year-old whose biography reads like a Marxist coming-of-age novel with a Brooklyn rewrite.

OpenAI Oligarch Pre-Emptively Demands Government Bailout When AI Bubble Bursts

โ€œAI hype may soon meet fiscal reality โ€” and, as history shows, taxpayers could be left holding the bag while the bubbleโ€™s architects face no real consequences.โ€

Why Lie?: If Democrats Are Correct…Then Why All the Deceit?

When the facts cut against the left's narrative, they are minimized, distorted, or buried under a flood of falsification of information.

House Democrats BLOCK Release of Epstein Files!

Democrats released email redacting Epstein victim Virginia Giuffre's name after she cleared Trump of any wrongdoing which exposed Epstein as an intelligence asset.

A defining search

Coaches juggle players, staff, alumni, boosters, fans, recruiting pipelines, NIL deals, and the transfer portal, balancing many pressures simultaneously.

DHS Drives Historic Drop in US Foreign-Born Population

DHS cracks down on visa abuse as the Trump administration ends the border crisis and drives a historic drop in the foreign-born population.

Government Shutdown is NOT a Both Sides Issue. Here’s WHY!

Anthony Rispo explains that the U.S. government shutdown is not a โ€œboth sidesโ€ issue. Democrats are responsible for this shutdown and here's why.

Judge Blocks Trump Admin From Withholding Federal Funding to University of California

Federal judge issued a preliminary injunction blocking the Trump admin from cutting federal funding to UCLA over its handling of anti-semitism on campus.

Trump Says Heโ€™s Withdrawing Support for Rep. Marjorie Taylor Greene

Trump said he would no longer endorse Rep. Marjorie Taylor Greene, widely known to be his long-time ally, claiming she has โ€œgone far left.โ€

Trump Removes Tariffs on Beef, Coffee, Other Agricultural Products

President Donald Trump issued an executive order on Nov. 14 removing reciprocal tariffs on coffee, beef, and other agricultural products.

Trumpโ€™s Working Class Alliance

On April 29, 4 weeks after introducing tariffs on nearly every country, President Trump addressed Michigan workers on his 100th day in office.

Trump Signs Executive Order to Expand Resources for Foster Care

President Trump signed an executive order at the White House on Thursday aimed at strengthening foster care efforts in the United States.

Trump Defends Plan To Offer 600,000 Chinese Student Visas

President Donald Trump on Nov. 11 defended his plan to offer 600,000 visas to Chinese students in an interview with Laura Ingraham on Fox News.
spot_img

Related Articles