Elon Musk stopped buying Twitter until they showed him the true number of fake accounts

Tesla CEO Elon Musk said: can’t continue getting it on Twitter unless the company has shown that to the public less than 5% of platform accounts are fake or spam.

Musk made that comment in a response to another Twitter user on Tuesday morning. The executive spent most of Monday on a discussion with the CEO of Twitter, Parag Agrawal, who posted a series of tweets explaining his company’s efforts already fight the bots and how they consistently estimate that less than 5% of Twitter accounts are fake.

In his defense, the South African tycoon said that “20% of fake/spam accounts, although Twitter claims it four times, it could be more. My offer is based on the reliability of Twitter’s SEC offerings. “

He added: “Yesterday, the CEO of Twitter publicly refused to show proof of less than 5%. This deal cannot be continued until he does. ”

In defense of the social network, CEO Parag Agrawal said that the platform suspend more than half a million accounts that looks fake every day, many times before they become public and each week blocks millions of supposed users on suspicion that they are accounts managed by a computer application.

Internal analysis shows that less than 5% of active accounts on an average day are classified as “spam”, but these accounts cannot be copied by third parties due to privacy requirements, he said.

Musk, who says “bots” are a plague on Twitter and he makes it a priority to remove them if he controls the platform, responded to Agrawal’s explanation in a tweet, with a shit icon.

Buy Twitter at a lower price, a possibility

However, at a recent tech conference in Miami, Elon Musk estimated that at least 20% of Twitter’s 229 million accounts are spam botone percent he said was the most conservative threshold of his estimate, according to a Bloomberg News report.

At the All In Summit, the Tesla CEO made his strongest comment I want to pay less for Twitter that you offer $ 44 billion last month.

Musk said to reach an able deal with a lowest price is a possibility, according to a Bloomberg report, which said it followed a live broadcast of the conference shared by a Twitter user.

Musk’s comments are likely to inspire analysts ’theories that the billionaire wants destroy the deal or buy the company at a lower price.

His latest tweet was in response to a tweet from a Tesla website that thought Musk “might be asking for a better price on Twitter because $ 44 billion seems too high.”

Webush Securities expert Dan Ives estimates that there is more than a 60% chance that Musk will end up leaving the deal and pays a penalty of one billion dollars to do so.

Musk offered on April 14 to buy Twitter for $ 54.20 per share. Shares of the platform have already fallen and are now about 8% lower at $ 37.39 at Monday’s close.

To finance the acquisition, he promised some of his shares to Tesla, even though they have lost a third of their value since the deal was announced.

With information from agencies.

SL