Tesla Chief Elon Musk, who intends to acquire social media giant Twitter for $44 billion, has put the company in a fix. He just wants the networking firm to come clean by deleting 20% of BOT accounts it owns and uses for marketing practices.
Twitter’s legal team is planning to lock Musk into a legal agreement of $1 billion to pay for breaching the contract. It means in simple words that Musk, who owns Starlink Satellite Internet services, has to pay the said amount if he cannot pay the firm the promised amount or backs out of the transaction for any reason.
Reacting to the breach clause put forward by Twitter, Musk says that his effort to weed out 20% of fake accounts is to keep the internet clean from fake speeches, cyber scams, blasphemy and online activities conducted with malicious intent. He reiterated the fact that the fake accounts generated from bots are being used by some governments, individuals, states, and countries for malevolent purposes. And he wants the company to first take action on removing such accounts and then think of locking him in a merger and acquisition agreement of paying $44 billion as a mandatory acquisition price.
Almost every week, we see some news erupting in the media related to fake bots being used for click campaigns, Ddos attacks, increasing views of content on streaming channels and websites and used for fraudulent cryptocurrency campaigns.
Like in July last year, some cyber crooks