Elon Musk: Doubts about spam accounts could ruin a deal on Twitter

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LONDON – Tesla CEO Elon Musk says his Twitter purchase deal can’t move forward unless the company shows public evidence that less than 5% of social media platform accounts are fake or spam.

Musk made a comment in response to another Twitter user earlier Tuesday. He spent most of the previous day chatting with Twitter CEO Parag Agraval, who posted a series of tweets explaining his anti-bot campaign and the fact that she consistently believes that less than 5% of Twitter accounts are fake .

In his Twitter tweet on Tuesday, Musk said that “20% of fake / spam accounts, while 4 times more than Twitter claims, could be much higher. My proposal was based on accurate Twitter SEC documents. ”

He added: “Yesterday, the CEO of Twitter publicly refused to show evidence of 5%. This deal cannot move forward until he does.”

This is the last volley of Mask over invalid accounts, a problem he said he wants to rid Twitter of.

At a technology conference in Miami on Monday, Musk estimated that at least 20% of 229 million Twitter accounts are spam bots, and that percentage, he said, is at the lowest level in his estimation, according to Bloomberg News.

The fight for spam accounts began last week when Musk tweeted that the Twitter deal was suspended pending confirmation of the company’s estimates that they make up less than 5% of total users.

Also at the All In Summit, Musk gave the strongest hint that he would like to pay for Twitter less than the $ 44 billion offer he made last month.

According to a Bloomberg report, according to a Bloomberg report, she watched a video of the conference live, posted by Twitter users, he said.

Mask’s comments are likely to back up analysts’ theories that the billionaire wants to either exit the deal or buy the company at a lower price. His tweet on Tuesday came in response to one of Tesla’s news site, which suggested that Musk “may be looking for a better deal on Twitter, as $ 44 billion seems too high.”

Musk made an offer to buy Twitter for $ 54.20 per share on April 14. Since then, Twitter shares have fallen and fallen just over 8%, closing at $ 37.39 on Monday.

To fund the acquisition, he mortgaged part of his Tesla shares, but after the deal was announced they fell by a third.

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