USA: Under a recent court order, Twitter is now required to provide Elon Musk with access to documents compiled by a former executive that Musk says is a key figure in calculating the number of fake accounts that permeate the platform.
The executive, former General Manager of Consumer Product Kayvon Beykpour, quickly disappeared from the halls of Twitter in April of this year when it was announced that Musk would be seeking to purchase the company. Beykpour was described in Musk’s court filings as one of the executives “most intimately involved with” determining the amount of spam and bot accounts on Twitter. Though the court denied Musk access to 21 other people involved in the company, it would appear that the battle over the social media giant is just beginning.
Musk has accused Twitter of misrepresenting their user numbers, which they claimed only made up around 5% of their total traffic. Musk asserted that the amount of bots was much higher, and noted that Twitter seemed to be stalling access to vital data while trying to rush litigation in a bid to force a sale before the company had to relinquish all the required information.
Suspicions on Twitter’s user numbers have been growing for some time. Twitter changed the way it manages and calculates such numbers in 2019 as their users began to decline. The company has suffered ongoing profit losses in recent years – In 2020 the company faced a net income loss of over $1.14 billion. In 2021 there was an income loss of $221 million. Twitter still claims it earns a profit, but this is primarily derived from stock buybacks and state and federal government subsidies.
It is possible that the amount of data that Musk has received is enough to support claims that the company is built on a foundation of sand and that it has a high rate of fake accounts? If true, shares in Twitter could suffer a precipitous decline. Could the company be trying to compel Musk to finish his buyout before fake user numbers are fully exposed? Stay tuned…
by Tyler Durden
Join: 👉 https://t.me/acnewspatriots
The opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of AC.NEWS
Disclaimer: This article may contain statements that reflect the opinion of the author. The contents of this article are of sole responsibility of the author(s). AC.News will not be responsible for any inaccurate or incorrect statement in this article www.ac.news websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner. Reprinting this article: Non-commercial use OK. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.
Discussion about this post