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
TT

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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US Govt Calls for Breakup of Google and Chrome

FILE - The Google building is seen in New York, Feb. 26, 2024. (AP Photo/Seth Wenig, File)
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The US government late Wednesday asked a judge to order the dismantling of Google by selling its widely used Chrome browser in a major antitrust crackdown on the internet giant.
In a court filing, the US Department of Justice urged a shake-up of Google's business that includes banning deals for Google to be the default search engine on smartphones and preventing it from exploiting its Android mobile operating system, reported AFP.
Antitrust officials said in the filing that Google should also be made to sell Android if proposed remedies don't prevent the tech company from using its control of the mobile operating system to its advantage.
Calling for the breakup of Google marks a profound change by the US government's regulators, which have largely left tech giants alone since failing to break up Microsoft two decades ago.
Google is expected to make its recommendations in a filing next month and both sides will make their case at a hearing in April before US District Court Judge Amit Mehta.
Regardless of Judge Mehta's eventual decision, Google is expected to appeal the ruling, prolonging the process for years and potentially leaving the final say to the US Supreme Court.
The case could also be upended by the arrival of President-elect Donald Trump to the White House in January.
His administration will likely replace the current team in charge of the DOJ's antitrust division.
The newcomers could choose to carry on with the case, ask for a settlement with Google, or abandon the case altogether.
Trump has blown hot and cold in how to handle Google and the dominance of big tech companies.
He has accused the search engine of bias against conservative content, but has also signaled that a forced break up of the company would be too large a demand by the US government.
- Too extreme? -
Determining how to address Google's wrongs is the next stage of the landmark antitrust trial that saw the company in August ruled a monopoly by Judge Mehta.
Google has dismissed the idea of a breakup as "radical."
Adam Kovacevich, chief executive of industry trade group Chamber of Progress, said the government's demands were "fantastical" and defied legal standards, instead calling for narrowly tailored remedies.
The trial, which concluded last year, scrutinized Google's confidential agreements with smartphone manufacturers, including Apple.
These deals involve substantial payments to secure Google's search engine as the default option on browsers, iPhones and other devices.
The judge determined that this arrangement provided Google with unparalleled access to user data, enabling it to develop its search engine into a globally dominant platform.
From this position, Google expanded its tech and data-gathering empire to include the Chrome browser, Maps and the Android smartphone operating system.
According to the judgment, Google controlled 90 percent of the US online search market in 2020, with an even higher share, 95 percent, on mobile devices.
The US government currently has five cases pending against big tech over antitrust concerns after the Biden administration adopted a tough stance on reining in the dominance of the companies.
If carried through by the Trump administration, the cases against Amazon, Meta, and Apple, as well as two against Google, could take years to litigate.