Twitter Inc’s senior executives told employees on Wednesday that a shareholder vote on its $44 billion sale to Elon Musk may occur as early as August, as the social media business continues to work constructively to close the transaction with the world’s richest person.
Musk’s attorneys informed Twitter on Monday that if the business fails to produce the data he wants on spam and false accounts, he may walk away from the deal.
Twitter has stated that it will continue to exchange data with Musk. According to those acquainted with the situation, part of the data includes the “firehose,” a collection of all tweets on the site examined by various factors such as user devices or profiles of accounts that publish tweets.
According to the sources, Twitter provides this data to social media monitoring companies as part of its licensing business but will give it to Musk for free as part of the information exchange.
According to the sources, the firehose does not contain proprietary information such as Twitter users’ private information or how often they authenticate their accounts.
Last month, Twitter CEO Parag Agrawal said he didn’t think a computation of bogus and spam accounts could be done outside the firm since it would involve confidential information that Twitter couldn’t provide.
It was unclear how much sensitive data about Twitter’s user base would be shared with Musk. The distribution of the firehose was first reported by the Washington Post.
A request for comment from a Musk spokeswoman was not promptly reported.
To read our blog on “Elon Musk may drop Twitter deal due to holding back data by the company,” click here.
