Elon Musk said his Twitter takeover cannot go through until he determines exactly how many Twitter users are fake.
20% of accounts or more could be fake
Elon Musk said today that his planned deal to acquire Twitter for $44 billion can go no further. He indicates that he wants to wait until the social media company can provide more information about the number of fake accounts on the platform.
“20% of accounts could be fake, which is 4 times what Twitter claims. This figure could even be much higher.” Tesla CEO tweeted today.
At a conference in Miami on Monday, Musk also said that renegotiate about the Twitter takeover was not “out of the question”.
How does Twitter count the number of Bots?
Parag Agrawal, the current CEO of Twitter, explained on Twitter yesterday how the company counts spam bots on the platform.
“Our actual internal estimates for the last four quarters were all well below 5%.” According to Agrawal.
Last Friday said Musk said his $44 billion acquisition of the social media platform had been temporarily suspended. He first wants to verify that less than 5% of Twitter users are “spam/fake accounts”. He cited a May 2 report from Reuters for these numbers.
Putting the deal on hold appeared to have a much more negative effect on Twitter’s share price. Musk’s comments plunged TWTR by 21%.
