Elon Musk Wants Twitter to Become a Reliable Source of News
Elon Musk has made headlines for a variety of reasons. In addition to the erratic behavior and embrace of extremism that have plagued his personal life, he has also been accused of bad business decisions. Nevertheless, his most recent tweet may be the most telling one yet. The tweet asks Twitter users whether they need another platform for free speech.
The tweet was made by Elon Musk, the CEO of Tesla and SpaceX. In the past, Musk has criticised traditional media as a click-seeking machine and has defended the power of old-school news sources. In his latest tweet, Musk has suggested that Twitter has the potential to become a reliable source of news. Musk slammed a recent report from the Wall Street Journal about his affair.
While Musk has denied that he has a vested interest in Twitter, his tweet has created controversy and uncertainty. Twitter’s share price has declined drastically since Musk’s April takeover. But that didn’t stop the billionaire from trying to walk away from the deal.
Elon Musk is still suing Twitter. He argues that Twitter failed to provide enough information about its bot sample size. The company also claims Musk was violating a non-disparagement clause in his deal with the social media giant, which forbids him from tweeting about it. Musk also claims that the company’s claims of less than five percent of its account’s spam content were false.
Musk’s attorneys have asked the judge to set a trial date after February 13 of next year. He argues that the case is highly fact and expert-intensive and that Twitter has not done enough to compensate Musk. The company declined to comment on Musk’s latest motion, but shares of Twitter were down 1% in extended trading.
Musk has been selling Tesla shares to pay for the Twitter deal. His team has raised $7 billion from investors in order to finance the deal. However, Musk has also cited the plethora of spam-bot accounts on social media sites and said that less than five percent of Twitter’s active users are spam accounts. Musk has accused Twitter of manipulating its algorithms to hide information from potential investors.
According to Musk’s attorney, Twitter is in breach of multiple provisions of its merger agreement. This includes the fact that the company is hiding the size of its user base and the number of bot accounts on its platform. This information is fundamental to the financial and business performance of the company. Furthermore, the information must be disclosed for the company to complete the transaction.