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Elon Musk threatens to sever ties with Twitter due to a ‘Material Breach’

Elon Musk, a self-proclaimed free-speech absolutist, wrote on twitter in May that his deal to buy Twitter was “temporarily on hold” until the organization could verify that accounts belonging to spam bots accounted for less than 5 percent of all users. He said this because he wanted Twitter to demonstrate that spam bot accounts accounted for less than 5 percent of all users.

Musk has upped the ante by making the accusation that Twitter is in “material breach” of the deal responsibilities it has agreed to. The caution was communicated to Twitter’s legal officer, Vijaya Gadde, in the form of a letter from Musk’s legal representatives.

In the letter, Musk claimed that he has all the rights to cancel the transaction and that he would do so in the event that the twitter organization could not give the information sought regarding the bot accounts. It was said once again that failing to provide the information was a “clear material breach.”

Twitter released a statement in which it stated its intention to impose the finalization of the business process in line with the agreement of the merger agreement. The statement read as follows: “Twitter has and will continue to cooperatively share information with Musk to consummate the transaction in accordance with the terms of the merger agreement.”

Elon Must has indicated his conviction that automated accounts of spam bots less than 20 percent of Twitter users, but independent experts have projected the percentage to be between between 9 percent and 15 percent. Musk has stated that he requires the data from Twitter in required to bring out his own investigation since he does not have faith in the “loose testing procedures” used by the firm.

The preceding is a summary of an article that originally appeared on 21st Century Wire.

Written by Staff Reports

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