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    Home » Twitter plans to have shareholder vote by August on sale to Elon Musk

    Twitter plans to have shareholder vote by August on sale to Elon Musk

    EditorialBy EditorialJune 9, 2022Updated:June 9, 2022 Business No Comments2 Mins Read
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    The firm’s prime executives mentioned Twitter was working to enhance its defences in opposition to faux accounts and accounts that unfold cryptocurrency spam.

    The firm’s prime executives mentioned Twitter was working to enhance its defences in opposition to faux accounts and accounts that unfold cryptocurrency spam.

    Twitter Inc anticipates a shareholder vote on its $44 billion sale to Elon Musk may come by early August, because it continues to work constructively to finish the take care of the world’s richest individual, the social media firm’s prime executives instructed workers on Wednesday.

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    Musk’s attorneys warned Twitter on Monday that he may stroll away from the acquisition if the corporate fails to offer the information he seeks on spam and faux accounts.

    Twitter has mentioned it’s persevering with to share data with Musk. Part of that information is the “firehose,” a set comprising all tweets on the platform analysed by completely different parameters, resembling gadgets of customers or profiles of accounts that publish tweets, in line with individuals accustomed to the matter.

    Twitter sells this information to social media monitoring corporations as a part of its licensing enterprise however plans to furnish it to Musk totally free as a part of the data alternate, the sources mentioned. The firehose doesn’t include confidential data, such private particulars of Twitter customers that aren’t public or how typically they confirm their accounts, the sources added.

    Twitter Chief Executive Parag Agrawal final month tweeted he didn’t consider a calculation of faux and spam accounts may very well be carried out outdoors the corporate, as a result of it might require personal data that Twitter can’t share.

    It was not clear how a lot confidential details about its consumer base Twitter will share with Musk. The Washington Post first reported on the sharing of the firehose.

    A Musk spokesperson didn’t instantly reply to a request for remark.

    Twitter’s prime lawyer Vijaya Gadde instructed an worker assembly that the corporate anticipates it may maintain a shareholder vote on the Musk deal in late July or early August.

    During the interior assembly, the corporate’s prime executives mentioned Twitter was working to enhance its defences in opposition to faux accounts and accounts that unfold cryptocurrency spam.

    Source: www.thehindu.com

    elon musk Elon Musk to buy Twitter for $44 billion Elon Musk Twitter deal elon musk twitter deal update Twitter Twitter acquisition Twitter plans to have shareholder vote by August on sale to Elon Musk Twitter sale Twitter shareholder vote
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