Elon Musk believes that Twitter might have more spam accounts than previously thought. He doesn’t want to buy the company until they can show him accurate data, proving that there are less than 5% spam accounts on Twitter.
The Teslarati report states that there are 20% fake/spam accounts on Twitter- about four times more than what the company has reported. In response to this, Tesla CEO Elon Musk tweeted, “My offer was based on Twitter’s SEC filings being accurate. Yesterday, Twitter’s CEO publicly refused to show proof of <5%. This deal cannot move forward until he does.
According to Musk, it is difficult to know how many of twitter’s users are user bots. It is as if humans have souls which cannot be seen or quantified.
Bloomberg reported on Tuesday that Twitter affirmed they are committed and will meet the agreed price to close their acquisition of a majority stake in Daily Motion.
It’s speculated that Elon Musk is using the number of bots on Twitter to negotiate a lower acquisition price, but it also said that they wouldn’t rule out a deal at a lower cost.
Elon Musk stated that his initial plan to acquire Twitter was put on hold because of the amount of reported spam and fake accounts. However, he later reaffirmed his commitment to the purchase by tweeting “would create easy truth.”
After Elon Musk’s spat with the Twitter CEO Parag Agrawal, it was revealed that Twitter does not believe there is a way to provide an estimation of spam accounts without sharing too much information.
Elon Musk tweeted, “So how do advertisers know what they’re getting for their money?” This is fundamental to the financial health of Twitter.” He suggested identifying bots by checking 100 accounts and seeing how many of them are bots.
Musk has made spam and inauthentic accounts on Twitter a key focus. His goals for Twitter are to prioritize open-source algorithms, free speech, and make the platform less reliant on advertising.
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