Twitter to Share Data at Heart of Musk Deal Dispute

Analysts have doubts about Elon Musk's notion of relying on subscriptions instead of ads at Twitter Britta Pedersen POOL/AFP/File
Analysts have doubts about Elon Musk's notion of relying on subscriptions instead of ads at Twitter Britta Pedersen POOL/AFP/File
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Twitter to Share Data at Heart of Musk Deal Dispute

Analysts have doubts about Elon Musk's notion of relying on subscriptions instead of ads at Twitter Britta Pedersen POOL/AFP/File
Analysts have doubts about Elon Musk's notion of relying on subscriptions instead of ads at Twitter Britta Pedersen POOL/AFP/File

Twitter will yield to Elon Musk's demand for internal data central to a standoff over his troubled $44 billion bid to buy the platform, US media reported on Wednesday.

The news comes just days after the Tesla chief threatened to back out of his deal to purchase Twitter, accusing it of failing to provide data on fake accounts, AFP said.

The Washington Post, New York Times and website Axios cited unnamed sources familiar with the negotiations as saying Twitter's board decided to let Musk access its full "firehose" of internal data associated with the hundreds of millions of tweets posted daily at the service.

"This would end the major standoff between Musk and the board on this hot button issue which has paused the deal," Wedbush analyst Dan Ives said in a tweet.

Twitter chief executive Parag Agrawal has said that fewer than five percent of accounts active on any given day at Twitter are bots, but that analysis cannot be replicated externally due to the need to keep user data private.

About two dozen companies already pay to access the massive trove of internal Twitter data, which includes records of tweets along with information about accounts and devices used to fire them off, according to the Post.

Twitter declined to comment on the reports but has defended its responsiveness to Musk's requests, and vowed to complete the deal on the original terms.

The mercurial Musk agreed to buy Twitter in a $44 billion deal in late April.

Twitter's top legal officer has told employees that a special shareholder vote whether to approve the buyout deal could be held in late July or early August, according to Bloomberg.

Musk began making significant noise about fake accounts in mid-May, saying on Twitter he could walk away from the transaction if his concerns were not addressed.

Some observers have seen Musk's questioning of Twitter bots as a means to end the takeover process, or to pressure Twitter into lowering the price.

The potential for Musk to take Twitter private has stoked protest from critics who warn his stewardship will embolden hate groups and disinformation campaigns.

US securities regulators have also pressed Musk for an explanation of an apparent delay in reporting his Twitter stock buys.

Twitter shares finished the official trading day slightly above $40, significantly lower than the $54.20 Musk agreed to pay when he inked the purchase deal.


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Nintendo Offers New Switch 2 Details ahead of June 5 Launch

People stand in front of Nintendo's logo in Tokyo, Japan January 13, 2017. REUTERS/Kim Kyung-Hoon/File Photo
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Nintendo Offers New Switch 2 Details ahead of June 5 Launch

People stand in front of Nintendo's logo in Tokyo, Japan January 13, 2017. REUTERS/Kim Kyung-Hoon/File Photo
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Nintendo has announced a June 5 launch date for its latest gaming console, the Switch 2, which will introduce interactive chat and screenshare functions to connect gamers.

At its 60-minute Nintendo Direct presentation, the company revealed a more vibrant display on the Switch 2, a larger screen and several games that will launch with the console.

Central to its updated system is a new “C” button on its Joy-Con controller, which will launch a new “GameChat” feature that allows you to “communicate with friends and family while playing a game,” and let you share your game screen with other players. A built-in microphone will also allow you to chat with other gamers, The AP reported.

Perhaps the most contemporary function yet for the Switch 2 is the ability to use the Joy-Con controllers like a computer mouse. The developer displayed multiple ways to use the new function in games, such as angling a club in a golf game.

Wednesday's presentation led off with an extended look at a new Mario Kart game that saw in-game characters doing flips, tricks and rail grinds. The developer also unveiled a new James Bond game, dubbed Project 007, revisiting a classic Nintendo 64 console hit revered by many first-person shooter game fans.

The new console will be backwards compatible — able to play physical and digital Switch games — but users will need to purchase a new type of SD memory card for the Switch 2. The presentation revealed that normal SD cards will not be compatible with the system, but data from the original Switch can be transferred to the new console.

Nintendo plans to host “Switch 2 Experience” events in several countries, where gamers can get a hands-on experience with the new system. Those events are planned for cities such as Los Angeles, New York, London and Paris beginning this month.