The ongoing fight between Elon Musk and Twitter has taken an interesting turn. After Twitter filed a lawsuit against Musk for walking away from the acquisition based on the number of bot accounts, Musk defended the decision in court by stating that Twitter’s SEC disclosures “contain numerous, material misrepresentations or omissions that distort Twitter's value and caused the Musk Parties to agree to acquire the company at an inflated price.” Twitter has now filed a 127-page document in the Delaware Court of Chancery in response to Musk’s defense.
According to Twitter, Musk used a bot detection tool called “Botometer” to estimate that bots and spam accounts make up at least 10% of daily monetizable active users (mDAU) on the platform. But, the company has claimed, Musk is neither using the same data as Twitter nor measuring the exact thing that Twitter is measuring, resulting in skewed findings that “Musk is hoping will nonetheless make waves.”
Twitter has also slammed Musk's use of Botometer. Per the social giant, Botometer’s standards differ from Twitter’s so much so that the tool labeled the billionaire's account as “highly likely to be a bot” earlier in 2022 giving it a rating of 4/5 (bot-like). Botometer has now changed the rating to 1.2/2, meaning the tool no longer thinks the Tesla CEO is a bot.
The Twitter vs Musk showdown is set to play out as a five-day trial beginning on October 17.
Buy Facebook, Twitter, & Instagram For Seniors For Dummies on Amazon