Elon Musk suspends deal to buy Twitter for $44 billion: what’s going on
May 13, 2022
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The billionaire is trying to determine the exact amount of spam and fake accounts on the platform. Earlier, Musk expressed a desire to eliminate the problem of bots
The billionaire is trying to determine the exact amount of spam and fake accounts on the platform. Earlier, Musk expressed a desire to eliminate the problem of bots impersonating real people, possibly suspecting the company was deliberately underestimating their number in reports.
Twitter is restless
Elon Musk quotes a May 3rd Reuters article on a quarterly Twitter report that estimated that spam accounts accounted for less than 5 percent of the company’s “money-making daily active users” in the first quarter.
The Twitter deal was suspended pending details confirming that spam/fake accounts actually make up less than 5 percent of users. – Musk wrote from twitter added laterHe said the social network “still depends on its acquisition”.
Not just Musk
Interesting thing is Not only does Elon Musk doubt the accuracy of the count, but Twitter itself as well.
The media write that the social network is questioning the results in its quarterly filing with the SEC (US Securities and Exchange Commission).
And this isn’t the first time: A review of the company’s previous filings with the SEC suggests doubts about this were in Twitter’s quarterly and annual reports at least two years ago. That is, long before the purchase offer.
The source writes that information on 5 percent of bots should be known to Mask and his advisors, as information has remained at the same level since 2013.
This 5 percent figure has been around for a while. HE IS [Ілон Маск – 24 канал]sure, this has already been seen… So this could be part of a strategy to lower prices, – Says Suzanne Streeter of the Hargreaves Lansdown financial firm.
Reuters writes that, against the background of statements about the suspension of the deal, shares first fell by 20 percent and then began to regain its position in the market.
It is not known how long and by which methods the new estimation of the number of bots on Twitter will take place.
John Wilkes is a seasoned journalist and author at Div Bracket. He specializes in covering trending news across a wide range of topics, from politics to entertainment and everything in between.