According to Elon Musk’s Sister the Twitter Deal Will Go Through!

0
10
According to Elon Musk's Sister the Twitter Deal Will Go Through!

Tosca Musk has high hopes for her brother’s business endeavors. Elon Musk’s sister Tosca talked about her family and her thoughts on Elon’s Twitter agreement in an interview with The Sunday Times that was published on Saturday.

Tosca told the newspaper, “A lot of people will say things are not going to work because they are not used to taking risks. “Well, nobody’s ever done it before, at least not with [my family]. Not that it can’t be done, though.

When people inquire about the Tesla CEO’s on-hold Twitter deal, Tosca claims she always responds in the same way, regardless of the $44 billion proposals to purchase Twitter that was canceled on Friday. She stated, “I would think that he is going to do it if he says he is going to do it.

Elon, 51, appeared at the Allen & Co. Sun Valley Conference on Saturday. The businessman spoke about a variety of topics during the exclusive conference, but Insider notes that his Twitter deal wasn’t one of them.

Elon actually made a point of avoiding the subject altogether in his interview with Sam Altman, the CEO of the artificial intelligence company OpenAI, which Musk co-founded, according to Reuters. Elon was more concerned with creating a society on Mars and his conviction that the birth rate on Earth needed to be increased, a source told Reuters.

According to one senior media executive who spoke to the site, “it just seems like an awful nightmare.” The individual sets his own rules. I would detest being on Twitter, where you would have to take this man seriously.

Musk announced that he wanted to end his $44 billion contracts with Twitter in a court document acquired by PEOPLE on Friday. He claimed that Twitter was in “breach of various clauses” of the original agreement.

According to Elon Musk's Sister the Twitter Deal Will Go Through!

In the complaint, Musk complains that Twitter didn’t offer his team enough data to conduct their own analysis and didn’t provide enough information on the number of bogus accounts and bots on the social media network.

The lawsuit states that Twitter has “at times ignored Mr. Musk’s demands, at times rejected them for reasons that appear to be unjustifiable, and at other times pretended to comply while providing Mr. Musk with inaccurate or incomplete information.”

A third of Twitter’s talent acquisition staff was laid off, a general recruiting freeze was put in place, “two significant, high-ranking workers” were fired, and more, according to the document, all without Musk’s approval. The Twitter Board has announced that it will now sue Musk to guarantee that the purchase closes.

“We intend to take legal action to enforce the merger agreement and are committed to completing the deal on the price and terms established with Mr. Musk. In a statement given to PEOPLE on Friday, the Twitter Board declared, “We are sure we will succeed in the Delaware Court of Chancery.”

Musk’s lawyer has been contacted by PEOPLE for comment. The announcement followed the CEO of SpaceX’s statement that the $44 billion acquisition was “temporarily on hold” for over two months.

During the first quarter of 2018, less than 5% of the social media platform’s monetizable daily active users were made up of fraudulent or spam accounts, according to a Reuters piece Musk shared on April 13.

The purchase was “temporarily on hold pending details supporting computation that spam/fake accounts do actually comprise less than 5% of users,” Musk stated at the time, adding that he was “still committed to acquisition.”

He continued by saying that his staff would “conduct a random sampling of 100 followers of @twitter” in order to figure out the problem, and he asked other social media users to do the same to “see what they discover.”

According to Elon Musk's Sister the Twitter Deal Will Go Through!

Musk responded in response to a question about why he chose 100 followers: “I choose 100 as the sample size number because that is what Twitter uses to compute.

Related Articles:

Tensions between Twitter and Musk seemed to be simmering in the days that followed. The billionaire posted on Twitter on May 14 that “Twitter legal just called to complain that I broke their NDA by exposing the bot check sample size is 100!”

Musk stated that he had “yet to see *any* analysis that has that has fake/spam/duplicates at 5 percent” in another message over the weekend. The company’s guesstimate of spam accounts was then detailed in a lengthy thread released by Twitter CEO Parag Agrawal on May 16. Agrawal stood by this estimate.

According to Agrawal, “Our estimate is based on repeated human evaluations (in replicate thousands of accounts that are picked arbitrarily and consistently throughout time.” “We have been doing this for many years, and we do it every three months.”

In order to evaluate each account, the CEO continued, “both public and private data (e.g., IP address, phone number, geolocation, client/browser signatures, what the account does when it’s active…) are used.”

Unfortunately, given the important necessity to use both public and private information (which we can’t share), we don’t believe that this exact assessment can be completed outside, Agrawal wrote. It is impossible to determine which accounts are classified as mDAUs on any given day from the outside.

Musk took offense to this tweet in particular and replied with a feces emoji. Therefore, he said, “How do advertisers know what they’re getting for their money?” “This is essential to Twitter’s financial stability.”

The next day, Musk declared that in order to move forward, he would require “evidence” that fewer than 5% of Twitter accounts are fraudulent. Musk stated on Twitter that “my offer was based on the accuracy of Twitter’s SEC filings.” Twitter’s CEO reportedly declined to provide proof of the 5% yesterday in public. Until he does, this transaction cannot go forward.

Twitter stated that they remained “committed to completing the transaction on the agreed price and terms as swiftly as practical” on the same day, nevertheless.

To Know More Latest Updates You Can Visit Our Website: crossover99.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here