So, is Elon Musk interested in purchasing Twitter? The company’s potential new owner claimed this morning (in a tweet, of course) that the $44 billion purchase he’d committed to “cannot move ahead” until he gets the proof he’s searching for about the company’s active user counts.
Musk drew in another recurrent character from his 24 / 7 rotating circus by tweeting to the US Securities and Exchange Commission, urging them to investigate, after needling current Twitter CEO Parag Agrawal and messaging previous CEO Jack Dorsey failed to strike the mark.
In case you forgot, the SEC is made up of “bastards” who Musk has previously accused of infringing on his right to free speech, but that isn’t the only thing he’s called them.
His beef with them has centered on their efforts to execute a consent order he signed in 2018 for the “funding secured” tweets about Tesla going private. Of course, there are ongoing investigations into Musk and his brother for alleged insider trading, as well as Musk’s refusal to disclose how much Twitter shares he had prior to making a bid for the firm.
Whether that’s a joke or not, Twitter has had issues with accurate numbers in the past, and it recently revealed that it had been overcounting daily users for years. Twitter’s CEO stands by his estimations regarding the amount of bot activity included in the company’s daily active user (DAU) measure; nonetheless, this has left Parag Agrawal in a bind, which Musk might use to drop his price or abandon the transaction entirely.