Parag Agrawal worked to tamp down confusion caused by an earlier tweet by Elon Musk about bots that also raised fresh questions about Musk's takeover of Twitter.
Twitter CEO Parag Agrawal on Monday worked to bolster confidence in the company’s estimate of how many automated accounts, or “bots,” exist on the platform after Elon Musk drew attention to the number, challenging Twitter’s analysis and saying he was putting his $44 billion takeover on hold because of it.Over the past year, the company has found that “well under” 5% of all Twitter profiles belong to such spam accounts, Agrawal.
Musk plunged the on-going drama surrounding his buyout of Twitter into fresh chaos on Friday when he indicated his bid for the company was on pause as he conducted his own review of bot research. In, he highlighted long-standing language from Twitter’s SEC filings that bots are less than 5% of users, seemingly a signal he didn’t believe the number’s accuracy.
Musk’s true intentions for raising concerns about the bots remains an open question. Is it an attempt to begin establishing a pretext for walking away from the Twitter acquisition? Or perhaps a gambit toward forcing Twitter to renegotiate the sale price amid a selloff in tech stock? Or is Musk simply being himself—and just enjoying a chance to troll the internet? Or maybe some mix of all three.
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