On Wednesday, the Washington Post reported that Twitter will yield to Elon Musk’s demand for internal data central to a standoff over his troubled $44 billion (R673 billion) bid to buy the social media platform.
This development came days after the Tesla founder had threatened to halt his twitter purchased deal and accused it of not providing accurate data on fake accounts
Twitter’s board according to a Post cited by an unnamed source familiar with the negotiations said they decided to give Musk access its full “firehose” of internal data associated with the hundreds of millions of tweets posted daily at the service.
Wedbush analyst Dan Ives in a tweet said,” This would end the major standoff between Musk and the board on this hot button issue which paused the deal,”
Parag Agrawal, Twitter chief executive has said that fewer than five percent of accounts active on any given day at Twitter are bots, but that analysis cannot be replicated externally due to the need to keep user data private.
ALSO READ: Elon Musk halts remote working at Tesla
About two dozen companies already pay to access the massive trove of internal Twitter data, which includes records of tweets along with information about accounts and devices used to fire them off, according to the Post.
Twitter declined to comment on the Washington Post report but has defended its responsiveness to Musk’s requests, and vowed to complete the deal on the original terms.
The business magnate and investor Musk agreed to buy Twitter in a $44 billion deal in late April after which he began making significant noise about fake accounts in mid May posting on Twitter that he could walk away from the transaction if his concerns were not addressed.
Questions have been asked concerning Twitter bots which was seen as a means to end the takeover process or to pressure Twitter into lowering the price.
