Representative image | Photo Credit: Dado Ruvic
Elon Musk will not proceed with a $44 billion takeover of Twitter Inc. unless the company proves that its spam accounts make up less than 5 per cent of its total user base.
20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.
— Elon Musk (@elonmusk) May 17, 2022
My offer was based on Twitter's SEC filings being accurate.
Yesterday, Twitter's CEO publicly refused to show proof of <5%.
This deal cannot move forward until he does.
Musk said “this deal cannot move forward” unless Twitter provides proof of claims that less than 5 per cent of its users are bots. He reiterated his claim that fake and spam accounts could make up more than 20 per cent of Twitter’s user
Last week, he tweeted that his offer to buy Twitter was “temporarily on hold” until he received more information about the proportion of fake accounts on the micro-blogging site. He then claimed to be committed to the deal, according to a Bloomberg report.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Twitter CEO Parag Agrawal on Monday explained Twitter’s efforts to fight bots and how it estimated that less than 5 per cent of accounts are fake in a series of tweets. It received a pile of poop emojis as a response from Musk.
Let's talk about spam. And let's do so with the benefit of data, facts, and context…
— Parag Agrawal (@paraga) May 16, 2022
Reportedly, at the All In tech summit in Miami on Monday, he expressed that his concerns over the Twitter deal were growing.
Published on May 17, 2022
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