Elon Musk’s bid to buy Twitter has long appeared to be a personal once for the eccentric billionaire, but it appears as though the network’s unwillingness to be transparent could cost them the deal.
The Tesla CEO has repeatedly suggested that he’d like to “unlock” Twitter’s true potential as a free speech public forum, having lambasted the current captains of the platform as being far too stringent.
But now, as Twitter fails to reveal key user data ahead of the $44 billion deal going through, Musk is threatening to pull the offer.
Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot accounts.
Lawyers for the Tesla and SpaceX CEO made the threat in a letter to Twitter dated Monday. That letter was included in a filing from Twitter with the U.S. Securities and Exchange Commission.
The letter says Musk has repeatedly asked for the information since May 9, about a month after his offer to buy the company, so he could evaluate how many of the company’s 229 million accounts are fake.
Twitter’s unwillingness to reveal this information has been a troubling development not only for the Musk deal, but for the company in general, with users and observers now wondering whether or not the network is as committed to honesty as they have previously claimed.