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Elon Musk may buy Twitter for under $44 billion: lowering the price

  • May 18, 2022
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Elon Musk’s acquisition of the social network Twitter is getting more and more interesting. At first, the billionaire doubted it said fake accounts were only 5 percent and

Elon Musk’s acquisition of the social network Twitter is getting more and more interesting. At first, the billionaire doubted it said fake accounts were only 5 percent and then that number ranged from 20 percent to 90 percent. Given this, it calls for inspections and new conditions.

to buy or not to buy

  • Against the background of these statements, the entrepreneur is considering the possibility of agreeing on new terms of the purchase contract. According to media reports, Musk allegedly said that “the possibility of reaching a viable agreement on more favorable terms cannot be ruled out”.
  • Today, May 17, Musk tweeted that he will not be able to move forward in the takeover deal until CEO Parag Agraval provides “proof” of the accuracy of the bot’s prediction, which showed a result of less than 5 percent.
  • Now, according to the source, the future owner of the social network wants to conduct an audit, in the words “possible”. However, there seem to be problems with the procedure.
  • CEO wrote a great topiche said he talked about spam and the fight against it and that external auditing is unlikely.

Unfortunately, given the urgent need to use both public and private information (which we cannot share), we do not believe that this particular assessment can be made from the outside. It is impossible to know which external accounts are considered active on a daily basis,
Says.

Agraval also said that Twitter is actively fighting spammers by blocking more than half a million accounts every day. He reiterated that the company has been counting such accounts for many years and that the figure has always been less than 5 percent.

In turn, Musk writes that the Twitter CEO flatly refused to provide evidence of such indicators, so the deal will not be complete.

“The 20 percent of fake/spam accounts with 4 times the Twitter claims could be even higher. My suggestion was based on the SEC’s Twitter data being accurate. Yesterday, the Twitter CEO publicly refused to provide less than 5 percent evidence. He can’t break the stalemate until he’s at a dead end.”

It’s unclear how the story will end, but all this is likely to allow Mask to buy Twitter for much less than the original $44 billion. It is possible that the entrepreneur had such a tactic from the very beginning, because, as we wrote earlier, in the SEC reports the company itself admitted that the assessment could be wrong. And since at least he’s been talking about it since 2013, Elon Musk couldn’t help but see it in previous reports.

Source: 24 Tv

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