Elon Musk Says Twitter Deal , ‘Cannot Move Forward’, Until It Proves Bot Numbers.
Elon Musk Says Twitter Deal , ‘Cannot Move Forward’, Until It Proves Bot Numbers.
'The Guardian' reports that Musk took to Twitter on May 17 to say that his deal to buy the company can't progress without proof that less than 5% of platform users are fake accounts.
'The Guardian' reports that Musk took to Twitter on May 17 to say that his deal to buy the company can't progress without proof that less than 5% of platform users are fake accounts.
'The Guardian' reports Twitter has filed new transaction details with the Securities and Exchange Commission (SEC) because it still wants to go through with the deal.
'The Guardian' reports Twitter has filed new transaction details with the Securities and Exchange Commission (SEC) because it still wants to go through with the deal.
Twitter is committed to completing the transaction on the agreed price and terms as promptly as practicable, Twitter, via statement, as reported by 'The Guardian'.
Twitter CEO Parag Agrawal took to the platform on May 16 and issued a lengthy thread in an attempt to address Musk's concerns.
The hard challenge is that many accounts which look fake superficially are actually real people.
And some of the spam accounts which are actually the most dangerous – and cause the most harm to our users – can look totally legitimate on the surface, Parag Agrawal, Twitter CEO, via Twitter.
After explaining the problem "with the benefit or data, facts, and context," Musk replied with a poop emoji.
Musk's comments have only fueled speculation that he's either going to walk away from the deal or try to negotiate a new takeover agreement at a lower price.
'The Guardian' reports that on May 17, Twitter shares were at $37.39, well below Musk's bid to take over the company at $54.20 a share
