The social media platform may be caving in to pressure after Musk ranted about the issue. The Washington Post is reporting that Musk will be given access to the "firehose" of more than 500 million daily messages from the micro-messaging service.
Musk was concerned about the number of accounts on the platform. There are fake accounts for less than 5% of the platform's user base.
The $44 billion acquisition was put on hold by the CEO of the company. Musk threatened to back out of the deal after he was not given information about how it measures fake accounts.
Musk's legal team accused the company ofresisting Musk's information rights under the merger agreement. The world's richest man wanted to make sure that less than 5% of the user base was made up of fake accounts.
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Musk may soon have access to the platform's treasure trove of data, which includes a real-time record of daily tweets, as well as the devices used to post them. The Post claims that Musk could have access to this information this week.
According to the report, executives at the company don't think Musk will find anything in the database that will help him estimate the number of fake accounts on the platform.
The company will continue to share information with Mr. Musk in order to complete the transaction according to the terms of the merger agreement. It didn't directly respond to the report.
The agreement is in the best interest of all shareholders, according to the company. The merger agreement will be enforced at the agreed price.
It would be difficult to know which accounts are counted as daily active users on any given day according to the CEO of the company. This information is important to the company's financial health, according to Musk.
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