What just happened? Elon Musk states his $44 billion acquisition of Twitter could however go through, on the affliction that Twitter reveals accurately how it counts the amount of pretend accounts on the platform. The Tesla boss has lengthy insisted that the company lies about the variety of bots on the site, and he is now challenging CEO Parag Agrawal to "a general public discussion" on the problem.
The latest incident in Musk/Twitter saga saw the world's richest individual tweet that he is inclined to entire the offer for the unique $54.20 for each share price—Twitter's share price is now $42.52. All the enterprise needs to do is supply its technique of sampling 100 accounts and how they're verified to be authentic.
Twitter has very long reported that fewer than 5% of accounts on the website are pretend. Musk, nonetheless, thinks the precise selection is additional like 20%. He suggests the situation is what derailed his takeover bid, and a recent filing statements the enterprise purposely hides the real bot figures. Twitter, on the other hand, claims Musk is basically making an attempt to weasel out of the offer or renegotiate it for a much reduced selling price.
"If Twitter simply just presents their technique of sampling 100 accounts and how they are confirmed to be serious, the deal should proceed on initial terms. On the other hand, if it turns out that their SEC filings are materially bogus, then it should not," Musk tweeted in a reply to Cybersecurity researcher Andrea Stroppa's summary of his countersuit from Twitter.
I hereby obstacle @paraga to a community discussion about the Twitter bot percentage.
Allow him confirm to the general public that Twitter has <5% fake or spam daily users!
— Elon Musk (@elonmusk) August 6, 2022
Not wanting to leave things there, Musk followed up with a challenge for Twitter CEO Parag Agrawal, asking for a public debate to prove the fake bot count really is as low as Twitter claims. The billionaire also tweeted a poll to his 102.8 million followers asking if they believed less than 5% of platform users were spam. Almost 65% voted for "lmaooo no."
Less than 5% of Twitter daily users are fake/spam
— Elon Musk (@elonmusk) August 6, 2022
Musk's lawyers recently said that using a tool called Botometer, designed by Indiana University to measure inauthentic accounts, analysts proved Twitter was lying about the number of fakes on the platform. Twitter pointed out that Botometer at one point identified Elon Musk's own account as a bot with 80% certainty.
Expect the insults and allegations between Musk and Twitter to last for a while. The trial date is set for October, and the platform is reportedly "willing to go to war" if that is what's needed to complete the deal.
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