Twitter's Legal Team Accuses Elon Musk of Violating NDA as Tesla Founder Claims SocMed Platform Manipulates Users

Elon Musk claims that Twitter's legal team confronted him after he unveiled the company's bogus account verification procedure. Tesla's founder stated on Friday that the business utilized a sample size of 100 to conclude that 5% of its accounts are fake, spam, or duplicates.

According to Musk, the social media behemoth did not take the news well. Musk has declared removing bot accounts, which push a product or point of view constantly across several profiles using similar messaging, a cornerstone of his proposed $44 billion purchase.

Elon Musk vs Twitter's Legal Team

The purchase was thrown into disarray on Friday when the South African-born tycoon claimed he needed to prove that fake or spam accounts accounted for less than 5% of the company's 229 million users in the first quarter. Meanwhile, at a rally in Musk's home state of Texas on Saturday, banned Twitter user Donald Trump claimed that the transaction would fall through due to Musk's concerns about bots.

Musk seems to be worried that the company he agreed to buy for $44 billion may, in fact, be littered with fake or automated accounts. He then sent out instructions urging his followers to conduct their own bot checks, according to Daily Mail. Backpedaling a few hours later, Musk tweeted that he was 'still committed' to the acquisition. On Saturday, the tweet-happy mogul said the company was upset that he revealed their process for checking fake accounts.

Musk's unexpected tweets early Friday sent Twitter shares falling in the pre-market, with analysts speculating that Musk is attempting to cut the deal's price or drop out entirely. Since Musk's acquisition proposal was authorized by Twitter's board on April 25, shares have fallen 1.68 percent, continuing a negative trend.

The transaction was momentarily put into doubt on Friday when Musk tweeted that it was "on hold" following a research indicating bot accounts accounted for fewer than 5% of Twitter users. Another important motive for Musk's purchase was to combat bots and spam. However, he then stated that he was still committed to the deal.

Musk indicated last week that after the deal is completed, he will let former President Donald Trump to return Twitter. Trump has previously claimed that if given the opportunity, he would not return to Twitter, preferring to stay on his "Truth Social" site, Fox Business reported.

Elon Musk's Concern to the World

Per The Washington Post via MSN, Elon Musk founded his first company to help failing newspapers enter the digital world using early Web search technologies. Musk struck the newspaper executives he was presenting as intelligent but odd, frantic and confrontational.

Musk made the money and invested a large portion of it in the firm that would become PayPal. His interest in enabling internet payments was likewise short-lived. What Musk truly desired was a large sum of money to allow him to focus on his lifetime goal of saving mankind through space exploration, electric cars, and solar energy.

Musk's subsequent businesses - SpaceX, Tesla, SolarCity, and Neuralink - moved him closer to the goal he set for himself when he was 14: to be at the forefront of making human existence "interesting and inspirational." Early Friday, amid questions about his ability to get the funds, he tweeted that the $44 billion transaction was "temporarily on hold," adding that he was looking for "details" to back up Twitter's assertions that bots account for less than 5% of users.

Futures on Twitter plummeted significantly after his skeptical message, then surged after his comforting one, but ended the day down almost 10%. Meanwhile, Tesla, Musk's most valuable asset, climbed modestly on Friday. However, since April 4, when Musk announced his initial steps toward acquiring Twitter and began selling Tesla shares to help fund the purchase, the stock has lost 30% of its value.