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Global Business Review Magazine
Sunday, June 11, 2023
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Elon Musk says Twitter legal team told him he violated an NDA

Tesla loses $ 126 BLN in value amid Musk Twitter deal funding concern

Elon Musk on Saturday tweeted that Twitter Inc’s legal team accused him of violating a nondisclosure agreement by revealing that the sample size for the social media platform’s checks on automated users was 100. Musk tweeted that Twitter legal just called to complain that he violated their NDA by revealing the bot check sample size is 100. Musk that his $44-billion cash deal to take the company private was “temporarily on hold” while he awaited data on the proportion of its fake accounts. 

He said his team would test a random sample of 100 followers on Twitter to identify the bots. His response to a question prompted Twitter’s accusation. When a user asked Musk to elaborate on process of filtering bot accounts, he replied that he picked 100 as the sample size number, because that is what Twitter uses to calculate <5% fake/spam/duplicate.

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Musk also tweeted that he is yet to see any analysis that shows that the social media company has fake accounts less than 5%. He later said that there is some chance it might be over 90% of daily active users.

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Investors caught off guard as Bank of Canada’s inflation indicator fails

BoC sets rates to two-decade peak with room for more

US markets’ slump deepens to a half-year peak; its consequences

US markets’ slump deepens to a half-year peak; its consequences

Dollar edges up as jolt from Fed minutes wanes

Dollar unflinchingly holds position amid uncharted numbers

Deutsche Bank snapped by Credit Suisse

Timeline until: Credit Suisse stumbled and UBS went to its aid

Relentless debt: US loans are dragging; root cause multiplies

Relentless debt: US loans are dragging; root cause multiplies

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Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

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  • BoC sets rates to two-decade peak with room for more
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