Wednesday 8 June 2022 07:10 PM Twitter offers Elon Musk access to its full firehose of user data trends now

Wednesday 8 June 2022 07:10 PM Twitter offers Elon Musk access to its full firehose of user data trends now
Wednesday 8 June 2022 07:10 PM Twitter offers Elon Musk access to its full firehose of user data trends now

Wednesday 8 June 2022 07:10 PM Twitter offers Elon Musk access to its full firehose of user data trends now

Twitter plans to comply with Elon Musk's demand for data on fake accounts and will unleash its full data stream on the billionaire, according to a new report. 

Twitter will provide Musk with access to its so-called 'firehose', a stream of data including more than 500 million tweets posted every day, the Washington Post reported on Wednesday, citing a person familiar with the company's thinking.

The firehose, which is currently available to a handful of companies for an undisclosed subscription fee, could be released to Musk as soon as this week, the people said. 

Musk warned Twitter on Monday that he might walk away from his $44 billion deal to acquire the company if it fails to provide the data on spam and fake accounts that he seeks.

Twitter CEO Parag Agrawal

Twitter plans to unleash its full data stream on Elon Musk, according to a new report

Twitter CEO Parag Agrawal (left) plans to comply with Elon Musk's demand for data on fake accounts and will unleash its full data stream on the billionaire, according to a new report

Shares of Twitter rose in afternoon trading after the report, which bolstered sentiment that the deal would be consummated

Shares of Twitter rose in afternoon trading after the report, which bolstered sentiment that the deal would be consummated

Shares of Twitter rose 1.6 percent in afternoon trading after the report, which bolstered sentiment that the deal would be consummated.

Twitter did not immediately respond to a request for comment from DailyMail.com. 

The firehose, which is rumored to cost hundreds of thousands per month for the handful of companies that pay for access, consists not only of all real-time tweets, but information about the user accounts and devices they are issued from.

Meanwhile, a new study suggests that about 10 percent of Twitter 's active accounts are posting 'spam content'.

London-based data analytics firm GlobalData said in a report on Wednesday that its mathematical model found that spam accounts are roughly double the 5 percent share claimed by Twitter.

Musk has been threatening to walk away from his agreement to buy the company unless Twitter backs up its estimate that false or spam accounts comprise less than 5 percent of its user base. 

'The precise proportion of spam accounts is difficult to compute, as it is almost impossible to confirm the identity of the entity behind a tweet handle,' said GlobalData senior data scientist Sidharth Kumar.

GlobalData's analysis relied on a statistical model that took into account a number of variables (above) to determine the proportion of spam accounts on Twitter

GlobalData's analysis relied on a statistical model that took into account a number of variables (above) to determine the proportion of spam accounts on Twitter

'Additionally, the definition of spam account may differ for everyone. Incessant tweeting of non-original content can be considered spam, but some may choose to see it as a very active user sharing articles/opinions,' Kumar added.

TIMELINE OF BILLIONAIRE ELON MUSK'S BID TO CONTROL TWITTER

January 31: Musk starts buying shares of Twitter in near-daily installments, amassing a 5% stake in the company by mid-March.

March 26: Musk, who has 80 million Twitter followers and is active on the site, said that he is giving 'serious thought' to building an alternative to Twitter, questioning free speech on the platform and whether Twitter is undermining democracy. He also privately reaches out to Twitter board members, including his friend and Twitter co-founder Jack Dorsey.

March 27: After privately informing them of his growing stake in the company, Musk starts conversations with Twitter's CEO and board members about potentially joining the board. Musk also mentions taking Twitter private or starting a competitor, according to later regulatory filings.

April 4: A regulatory filing reveals that Musk has rapidly become the largest shareholder of Twitter after acquiring a 9% stake, or 73.5 million shares, worth about $3 billion.

April 5: Musk is offered a seat on Twitter's board on the condition he amass no more than 14.9% of the company's stock. CEO Parag Agrawal said in a tweet that 'it became clear to us that he would bring great value to our Board.'

April 11: Twitter CEO Parag Agrawal announces Musk will not be joining the board after all.

April 14: Twitter reveals in a securities filing that Musk has offered to buy the company outright for about $44 billion.

April 15: Twitter's board unanimously adopts a 'poison pill' defense in response to Musk's proposed offer, attempting to thwart a hostile takeover.

April 21: Musk lines up $46.5 billion in financing to buy Twitter. Twitter board is under pressure to negotiate.

April 25: Musk reaches a deal to buy Twitter for $44 billion and take the company private. The outspoken billionaire has said he wanted to own and privatize Twitter because he thinks it's not living up to its potential as a platform for free speech.

April 29: Musk sells roughly $8.5 billion worth of shares in Tesla to help fund the purchase of Twitter, according to regulatory filings.

May 5: Musk strengthens his offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison.

May 10: In a hint at how he

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