“I hope Elon Musk will clean up Twitter”

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Investing.com – Jamie Dimon, CEO of JPMorgan (NYSE:), explained in an interview with Julianna Tatelbaum of CNBC that Elon Musk should “clean up Twitter (NYSE:)”, referring to the Tesla CEO’s (NASDAQ:) concerns about bots and spam accounts.

According to Mr. Dimon, Mr. Musk should consider deleting anonymous accounts from the social network. He also said the company should give users more control over its recommendation algorithms.

Recall that Musk has repeatedly announced his concern about fake accounts on Twitter. In an April statement announcing his intention to buy the company, Musk spoke of “defeating spambots and authenticating all real humans.” He said he also wants to make Twitter’s ranking algorithm open source and promote free speech on the platform.

Although Dimon is now defending Musk, the two leaders have engaged in legal battles in recent years.

For example, in November 2021, JPMorgan filed a $162.2 million lawsuit against Tesla for allegedly breaching a 2014 contract relating to stock warrants that Tesla sold to the bank.

Also, JPMorgan is not on the list of banks that have come out in favor of funding Musk’s $13 billion takeover of Twitter, like Morgan Stanley (NYSE:), Bank of America (NYSE:) and Barclays (LON:).

Twitter and Musk were due to go to trial on Oct. 17 in Delaware to resolve the mogul’s bid to reverse the acquisition unless they reach an agreement. Last Thursday, a chancery court judge in Delaware ruled that Mr. Musk now had until October 28 to strike a deal if he wanted to avoid a trial.

By Laura Sanchez, translated from Spanish.

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