Twitter Feared Musk Wanted Data To Build Competitor

The Insider reports:

Twitter says it handed over massive amounts of user data to Elon Musk over the last several months, even as it grew concerned that he could use it to his own ends.

In a lawsuit filed Tuesday against Musk over his attempt to walk away from his $44 billion deal to buy the platform, Twitter said the billionaire made clear to executives early on that he only had three ideas when it came to the platform: “sit on its board, buy it, or build a competitor.”

Having decided against a board seat in favor of buying it, and then appearing to begin work on walking away from that decision for “pre-textual” reasons, Twitter began to worry. “Musk’s third option — building a competitor to Twitter — remained,” lawyers for the company wrote in the complaint.

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Twitter says it had ‘very real concerns’ that Elon Musk was requesting massive amounts of data during the merger process in order to build a competing app https://t.co/RhyG9kIgW5

— Tech Insider (@TechInsider) July 13, 2022