Musk May Be 'Posturing' Amid Reveal of Twitter NDA Violation Accusation

Elon Musk stated that Twitter's legal team accused him of violating a non-disclosure agreement by revealing in a tweet that the sample size for the social media platform's checks on bot accounts is 100. This came just a few days after he tweeted that his deal to acquire Twitter was 'temporarily on hold' while he awaited data on the proportion of fake accounts. Jacob Frenkel, chair of government investigations and securities enforcement practice at Dickinson Wright PLLC, joined Cheddar's Opening Bell to discuss. I mean ultimately what we really may be dealing with here is a fair amount of posturing given maybe some discomfort about the change in the price of the stock, change of conditions, and an effort on his part, ultimately, to try to push down the ultimate acquisition price," he said. "I think it's premature to suggest that the transaction is actually in jeopardy, and in many respects at this point I'm almost much more interested in the SEC's investigation that was reported last week around beneficial ownership disclosure and the timing around that."
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