Analysts paid by Elon Musk failed to prove that the proportion of fake accounts on Twitter was “significantly higher” than that estimated by the platform

According to Twitter lawyers, analysts paid by Elon Musk failed to prove that the proportion of fake accounts on the network was “significantly higher” than that estimated by the platform, the key argument of the boss of Tesla to justify its withdrawal from the network takeover agreement.

The two parties debated on Tuesday the legal elements to be provided during a preliminary hearing in the United States organized via Zoom, three weeks before an unprecedented trial on this contract worth 44 billion dollars. Lawyers for the world’s richest man have again called for access to more data on inauthentic or scam accounts, and methods for calculating the number of “monetizable, daily active users”.

Elon Musk indeed argues, in his letter of July 8 announcing the breach of the contract, that the proportion of spam “greatly” exceeds the 5% of accounts estimated by Twitter. But two data analytics firms the businessman hired, Cyabra and CounterAction, pegged the rate at 11% and 5.3%, respectively, said Brad Wilson, a Twitter attorney.

“None of these reports even remotely support what Mr. Musk said to Twitter and to the world in his July 8 letter,” Mr Wilson said. At the beginning of July, the San Francisco-based group launched legal proceedings against Elon Musk, to force him to honor the acquisition contract signed at the end of April.

According to the board of directors, the question of false accounts is a pretext put forward by the multi-billionaire, who would have changed his mind when he saw the value of companies falling on the stock market in recent months.

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