So does Elon Musk need to purchase Twitter or not? This morning, the firm’s potential new proprietor insisted (in a tweet, in fact) that the $44 billion deal he’d agreed to “cannot move forward” till he sees the proof he’s searching for about its energetic user numbers.
With needling current Twitter CEO Parag Agrawal and texting former CEO Jack Dorsey having failed to hit the spot, Musk — seemingly jokingly — pulled in one other recurring character from his 24 / 7 revolving circus by tweeting to the US Securities and Exchange Commission, asking them to investigate.
In case you’ve forgotten, the of us at the SEC are the “bastards” that Musk has beforehand accused of infringing upon his rights to free speech, though that’s not the solely factor he’s known as them in the previous.
SEC, three letter acronym, center phrase is Elon’s
— Elon Musk (@elonmusk) July 2, 2020
His quarrel with them has targeted on their makes an attempt to implement a consent decree he agreed to in 2018 over the “funding secured” tweets about taking Tesla private. Of course, you can add to that the investigations into Musk and his brother over possible insider trading and even his failure to make a well timed disclosure about how a lot Twitter inventory he’d acquired earlier than making a bid for the firm.
Joke or not, Twitter has had troubles with correct metrics and recently admitted it had been overcounting each day customers for years. Twitter’s CEO stands by the estimates about the quantity of bot exercise included in its each day energetic user (DAU) metric; nonetheless, now that places Parag Agrawal in a standoff that Musk might be using to lower his price for the company or exit the deal altogether.