The Tesla CEO is growing awfully close to nuking his own Twitter deal, and seems to be using claims about bots as his exit door.
Musk’s team sent a letter to Twitter’s top lawyer Vijaya Gadde filed with the Securities and Exchange Commission Monday, the Tesla CEO argued the company has not provided enough information regarding the number of bots on Twitter versus actual people. Musk’s lawyers claim that Twitter is obligated to send Musk any data he requests about the state of the company, but they’ve so far refused to hand over all the goods.
Musk now claims that this is a “clear material breach” of the merger agreement and that Musk can terminate the merger agreement, if he so chooses.The letter states “Mr. Musk believes the company is actively resisting and thwarting his information rights under the merger agreement.” Twitter sent a letter to Musk dated June 1 in response to Musk’s queries last month, but the world’s richest man was apparently unsatisfied.
Musk has been asking for specific user data to understand the bot situation. He has previously said he wanted his team to do a
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