Twitter Shareholders Will Vote On Elon Musk's Purchase Of The Company This August

 


After becoming the largest individual shareholder on social media platform Twitter, Elon Musk later expressed a desire to take over ownership of the company at a value of around $ 44 billion.


Elon Musk, who was CEO of Tesla and SpaceX later said that the value would likely decline due to the number of spam accounts as well as bots contained in the platform. He then asked the company to share a large amount of information about the company to assess whether the company was really worth taking over.


Twitter's board of shareholders has reportedly agreed to vote on the acquisition by Elon Musk as early as August 2022, and has agreed to share a data set called a "firehose" that contains information such as all tweets on the platform, devices used to write tweets as well as user profile details.


These details are publicly available data, and do not contain personal details such as phone numbers for double-factor verification purposes, credit card numbers, email addresses, NFT accounts and so on.


This is so that Elon Musk can see for himself how many accounts on Twitter can be classified as spam or bot accounts.


Apart from this "firehose" data, it is not yet known what further information was shared by Twitter to Elon Musk.

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