June 28, 2022

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Elon Musk Twitter deal: Elon Musk says Twitter deal stays deadlocked over pretend customers

Enterprise magnate Elon Musk mentioned Tuesday that his $44 billion transfer to take over Twitter remained held up by “very important” questions concerning the variety of pretend customers on the social community.

Musk was reluctant to speak concerning the deal when requested on the Qatar Financial Discussion board, saying it was a “delicate” matter. “There are nonetheless just a few unresolved issues,” Musk mentioned by video hyperlink.

This contains whether or not “the variety of pretend and spam customers on the system is lower than 5 p.c as per their claims, which I feel might be not most individuals’s expertise when utilizing Twitter.

“So we’re nonetheless awaiting decision on that matter and that may be a very important matter,” the Tesla automotive and SpaceX exploration chief mentioned.

Musk mentioned there have been additionally questions on Twitter’s debt and whether or not shareholders will vote for the deal.

“So I feel these are the three issues that must resolved” to make the transaction occur.

Musk mentioned he needed to get 80% of the North American inhabitants and half the world’s inhabitants onto Twitter. “Which means it should be one thing that’s interesting to individuals, it clearly cannot be a spot the place they really feel uncomfortable or harassed or they may merely not use it.”

“I feel there’s this huge distinction between freedom of speech and freedom of attain,” Musk added.

“You might be allowed to yell no matter you need in a public house, roughly. However no matter you say, nonetheless controversial, does not must then be broadcast to the entire nation.

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“So I feel typically the method of Twitter must be to let individuals say what they need throughout the steadiness of the legislation however then restrict who sees that based mostly on any given Twitter person preferences.”

He mentioned that if the deal went forward his position can be to “drive the product”, saying that is what he did at Tesla and SpaceX.