Elon Musk says his deal to buy Twitter can’t move forward unless the company shows public proof that less than 5% of accounts on the platform are fake.
Elon Musk has appeared to waste no time before violating his merger agreement with Twitter.
The battle over spam accounts kicked off last week when Musk tweeted that the Twitter deal was on on hold pending confirmation of the company’s estimates that they make up less than 5% of total users.he would like to pay less for TwitterMusk’s comments are likely to bolster theories from analysts that the billionaire either wants out of the deal or to buy the company at a cheaper price.
Musk made the offer to buy Twitter for $54.20 per share on April 14. Twitter shares have slid since then. They were down slightly in Tuesday morning trading to $37.28.Concern that Elon Musk would walk away from or seek to alter his $44-billion deal to buy Twitter has grown as he has questioned the company’s user data.
In tweets on Monday, Agrawal acknowledged Twitter isn’t perfect at catching bots. He wrote that every quarter, the company has made the estimate of less than 5% spam. “Our estimate is based on multiple human reviews of thousands of accounts that are sampled at random, consistently over time,” Agrawal wrote.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk says Twitter legal team told him he violated an NDAElon Musk on Saturday tweeted that Twitter's legal team accused him of violating a nondisclosure agreement by revealing that the sample size for the social media platform's checks on automated users was 100.
Read more »
Elon Musk says Twitter 'manipulating' users, issues a how-to on fixing your feedElon Musk advised Twitter users to stop using the site's algorithmic feed generator and instead switch to 'Latest Tweets.'
Read more »
Elon Musk doubles down on support for this Twitter feature | Digital TrendsElonMusk has again recommended people use the latest-tweets feed as he believes the algorithm-based one could manipulate users 'in ways you don't realize.'
Read more »
Elon Musk sends poop emoji to Twitter CEO in response to thread on spam, fake accountsElon Musk sends bizarre emoji to Twitter CEO in response to thread on spam, fake accounts
Read more »