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Elon Musk’s Twitter offer to be voted on by shareholders this summer – National

Twitter Inc. plans to carry a shareholder vote by early August on its US$44 billion sale to Elon Musk, because it continues to work “constructively” to finish the take care of the world’s richest individual, the social media firm’s prime executives advised workers on Wednesday.

Musk’s attorneys warned Twitter on Monday that he may stroll away from the acquisition if the corporate fails to supply the information he seeks on spam and faux accounts.

Twitter has mentioned it’s persevering with to share info with Musk. A part of that information is the “firehose,” a set comprising all tweets on the platform analyzed by completely different parameters, reminiscent of units of customers or profiles of accounts that publish tweets, in response to folks acquainted with the matter.

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Twitter sells this information to social media monitoring firms as a part of its licensing enterprise however plans to furnish it to Musk without spending a dime as a part of the data trade, the sources mentioned.

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The firehose doesn’t comprise confidential info, such private particulars of Twitter customers that aren’t public or how typically they confirm their accounts, the sources added.

It was not clear how a lot confidential details about its consumer base Twitter will share with Musk. The Washington Submit first reported on the sharing of the firehose.

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Elon Musk is threatening to walk away from US$44B Twitter deal. Here’s why

A Musk spokesperson didn’t instantly reply to a request for remark.

Twitter’s prime lawyer Vijaya Gadde advised an worker assembly that the corporate anticipates to carry a shareholder vote on the Musk deal in late July or early August.

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