Twitter will accept Elon Musk’s demand, preparing to provide access to ‘firehose’ API
Elon Musk recently warned in writing to end the Twitter deal. He sent a letter to the company saying that if the company fails to provide information about the spam and fake accounts on its platform, then this deal will be canceled.
Now news is coming that Twitter has accepted Musk’s demand. Twitter is preparing to give access to platform data to Musk in an effort to address Musk’s concerns about bot accounts, The Washington Post reported. According to another news, Twitter told its employees that a shareholder vote on the $ 44 billion deal with Elon Musk could take place in August.
Twitter to give Elon Musk access to ‘firehose’ API
The publication quoted its source as saying that Twitter will give Elon Musk access to its API called ‘firehose’. This API contains all the tweets posted on the platform. Along with this, these tweets are also analyzed on the basis of parameters like user’s device and account profile.
Twitter Deal Timeline
Elon Musk’s Twitter deal is getting new twists time and again. Musk revealed in April that he owned 73.5 million shares of Twitter, which accounts for 9.2 percent of the company’s stock. Musk was offered a seat on the Twitter board, which Musk was excited about at first, but at the last moment he refused to join the board.
Elon Musk offered to buy Twitter for $43 billion in April itself. They told that they want to take the company private and are ready to pay $54.20 per share to the company. The Twitter board adopted a ‘poison pill’ strategy to block Musk’s takeover, but Musk’s takeover was later flagged off.
Elon Musk put it “on hold” after the Twitter deal was cleared for him. The reason behind this, he told the count of fake accounts on Twitter.
According to Twitter’s public filing, the social media service accounts for less than 5 percent of spam accounts. Musk believes that the number of spam and fake accounts on Twitter should be at least 20%. He said he did not believe in the company’s “lax testing methodologies”. They want to do their own analysis, for which they need data.
