The real number of fake accounts: the reason given by Elon Musk to question Twitter’s purchase. Photo: Reuters
Billionaire Elon Musk said Tuesday that his purchase of Twitter will not take place as long as he has no guarantees about actual number of bot or fake accounts existing between users of the platform, and it threatened the announced mega-purchase for 44,000 million dollars.
The tycoon estimated that 20% of social network users were untrue, compared to the 5% the company admitted: “So, the deal can’t go ahead,” Musk threatened.
Meanwhile, Twitter shareholders lost money. The swings of the new investor on the social network are causing the company’s shares to collapse: it was already trading at the bottom when Musk announced that he had bought a share of the company.
Tycoon Elon Musk threatened to withdraw his Twitter offer and parts of the social network collapsed. Photo: Reuters.
On the counterpoint, it seems Twitter preparing to capture for the mega-millionaire
The company filed a document with the United States Securities and Exchange Commission (SEC) and promised to complete the transaction at the price and under agreed conditions “soon”.
The billionaire in the financial world was shocked in April when he announced he wanted to buy Twitter. But his $ 44 billion offer is on hold up to the number of fake accounts that exist on the platform, known as “bots”.
“The CEO of Twitter yesterday refused to prove that less than 5% of accounts are fake,” Musk tweeted, almost 94 million followers on social networks. “Until that happens, the deal will not go ahead,” he warned.
Twitter CEO Parag Agrawal said the platform suspended more than half a million accounts every day That looks fake. And he added that this happens “many times before they are made public”; and every week millions of supposed users are blocked from accounts managed by some software.
Internal reviews show that less than 5% of active accounts on an average day are classified as “spam”.
Musk, who says that “bots” is a plague on Twitter and he makes it a priority to remove them, he responded to Agrawal’s explanation of an emoji representing dirt.
According to an estimate published last Friday by software company SparkToro, 19.42% of Twitter accounts are fake or spameven if the company recognizes that its methodology for determining bot This is probably different from what Twitter uses.
SparkToro not only gave a negative rating to Twitter’s stance; there is also a tool on their website that tries that more than 70% of Musk’s followers are fake accounts.
Ever since his $ 44 billion purchase offer appeared, Musk has promised remove twitter spambetter authenticate users and increase platform transparency.
Last Friday and before the scandal began this week, Musk said his team would select a random sample of 100 users of official Twitter accounts to verify if they are true or not. And because of the tycoon’s reaction, the survey result was not good.
For its part, Twitter asked its shareholders that at an upcoming extraordinary meeting will vote in favor of buying Musk at a price of $ 54.20 per share, according to a filing Tuesday with the SEC.
Musk, CEO of automaker Tesla, is current the richest man in the worldAccording to the magazine Forbeswith wealth estimated at 230,000 million dollars.
With information from the AFP.