Elon Musk on Tuesday took on twitter regarding his $44 billion offer
Tweeting that the deal would not move forward until Twitter Inc shows proof that spam bots account for less than 5% of its total users, hours after suggesting he could seek a lower price for the company.
After adjourning the deal a week ago pending information on spam accounts, Musk said he believes Twitter makes up at least 20% of users – 15% higher than the official figure.
On Monday when the Tesla CEO was attending All-In Summit 2022 conference in Miami said “You can’t pay the same price for something that is much worse than they claimed,” when asked about if the deal is viable at a lower price Musk replied “I mean, it is not out of the question. The more questions I ask, the more my concerns grow.”
He further went on to say “They claim that they’ve got this complex methodology that only they can understand… It can’t be some deep mystery that is, like, more complex than the human soul or something like that.”
On Monday twitter stocks dropped more than 8% to close at $37.39, which is lower than its level the day before Elon announced his stake in the company a month ago.
Twitter CEO Parag Agrawal on Monday tweeted about internal estimates of spam accounts on the social media platform, “well under 5%,” replying to back to back criticism by Musk of the company’s attitude towards dealing with spam accounts.
The estimate has been same since 2013 for twitter, which cannot be reproduced externally, the reason being the needed for both private as well as public information to validate if an account is spam, Agarwal said.
To this the billionaire response was with a poop emoji. “So how do advertisers know what they’re getting for their money? This is fundamental to the financial health of Twitter,” he tweeted.
Musk has pledged to crack down on Spam Bot’s in connection to which he has called for tests of random samples of Twitter users to identify bots. He said, “There is some chance it might be over 90% of daily active users.”
Researches claim around 9% to 15% of Twitter profiles are bots. what is a bot? Spam bots or fake accounts are designed to manipulate or artificially boost activity on social media platforms such as Twitter.
Twitter does ban impersonation and spam, and penalizes accounts when it understands their motive is to “deceive or manipulate others” by engaging in scams, coordinating abuse campaigns or artificially inflating engagement.
Musk, is known for his candid Twitter posts, and has a long history of skirmishes with the U.S. Securities and Exchange Commission. Off late , a U.S. judge slammed him for trying to evade a settlement with the SEC requiring oversight of his Tesla tweets.
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
