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Elon Musk Believes Twitter’s Transaction “can not go ahead” Unless The Existence Of Fake User Accounts is Proven

Tesla CEO Elon Musk says “far more” than 20% of Tesla consumers may be using fraudulent or spam accounts

Philip Aladino

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Elon Musk and Twitter Deal
Tesla CEO Elon Musk, “far more” than 20% of Tesla consumers may be using fraudulent or spam accounts | image illustration by Philip Dino (Smarttechvillas)

Keynotes

  • Until Twitter “verifies the veracity of their significantly lower estimate of less than 5%,” the agreement to acquire Twitter cannot proceed, Elon Musk stated in a statement.
  • Since more than 20% of Twitter users are fraudulent or spam accounts, he said this as proof.
  • In a presentation, Tesla CEO Elon Musk suggested that at least 20% of Twitter’s users may be bots.
  • Some believe that Elon Musk is negotiating a lower price for Tesla by raising the issue of the number of Twitter bots.
  • Tesla’s CEO has urged that the number of bots in a sample of 100 accounts be made public in order to verify that the accounts are genuine.

“The agreement to buy Twitter cannot proceed” unless Twitter “verifies the accuracy of its far lower estimate of less than 5%,” Elon Musk said in a statement, repeating his claim that false and spam accounts account for more than 20% of Twitter’s users.

In response to a story online, Tesla CEO Elon Musk tweeted, “20% of false/spam accounts, although four times what Twitter reports, might be considerably more.” To me, the accuracy of Twitter’s SEC filings was the linchpin of my offer. Last week, the CEO of Twitter made it clear that he couldn’t provide any verification of the 5% figure. Until he does, this transaction will not go any farther.

According to a story from Bloomberg, Musk made identical remarks the day before at a tech conference in Miami. The Tesla CEO said in a presentation that at least 20% of Twitter’s users might be bots. According to Tesla CEO Elon Musk, there is currently no way to tell how many robots there are.

There is conjecture that Elon Musk is using the topic of the number of Twitter bots as a bargaining chip to get a cheaper purchase price for Tesla. During a press conference yesterday, the CEO suggested that a lower-priced transaction was not “out of the question,” according to Bloomberg.

A few weeks ago, Tesla CEO Elon Musk revealed that his bid to purchase the social media network had been put on hold because of concerns about spam or fraudulent accounts. “I’m still committed to [the] purchase,” he subsequently remarked.

On Monday, Tesla CEO Elon Musk and Twitter CEO Parag Agrawal had a public disagreement about this data. Agrawal provided details on the number of spam accounts that Twitter suspends each day. Aside from the need to utilise both public and private information (which he couldn’t discuss), “we don’t feel this exact calculation can be accomplished outside,” he concluded. The poo emoji was Musk’s response to a long Twitter conversation.

Why is it so difficult for advertisers to know exactly what they’re receiving for their money? Musk tweeted, “This is critical to Twitter’s financial stability.” As a way to make sure the accounts are real, Tesla’s CEO had suggested that the number of bots in a sample of 100 accounts be made public.

As a part of his argument for how he’d enhance Twitter under his ownership, Musk has focused on reducing the amount of spam and fake accounts. He has also said that he wants to make sure the platform’s algorithms are open source and that he wants to put free speech first.

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Dino is a Tech Consultant. Entrepreneur, Website/Blog Developer, Graphic Designer, Blogger and Digital Marketer, he has long been freelancing for more than 6 years before starting up Smartcoretech, during this time was writing for websites like Opera News Hub, Paulworkspace, thescoove.africa etc. He is currently reporting on tech related contents on company's such as Apple, Google, Microsoft, Xiaomi, Facebook, Twitter etc. He also writes on Phone Reviews and Movies. When he is not writing he is working as an IT Manager for a company in his Local. Feel free to contact him via any of the available channels present

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