Twitter deal 'cannot move forward' until CEO proves bot numbers: Musk
Tech billionaire Elon Musk on Tuesday said that the $44 billion Twitter deal "cannot move forward" until the micro-blogging site's CEO Parag Agrawal proves the bot numbers.
 
In a series of tweets, Musk mentioned that the CEO publicly refused to show proof of less than 5 per cent of bots.
 
"20 per cent fake/spam accounts, while 4 times what Twitter claims, could be much higher. My offer was based on Twitter's SEC filings being accurate," Musk wrote.
 
"Yesterday, Twitter's CEO publicly refused to show proof of less than 5 per cent. This deal cannot move forward until he does," he added.
 
Musk, at a conference in Miami, said that Twitter could have at least four times more fake accounts than what has been revealed in its filing.
 
On Monday, Musk attacked Agrawal after the Twitter CEO went into finer details on how the micro-blogging platform is fighting spam and fake accounts.
 
The Tesla CEO even showed an emoji depicting a "pile of poo" to Agrawal on his Twitter thread.
 
"Our actual internal estimates for the last four quarters were all well under 5 per cent - based on the methodology outlined above. The error margins on our estimates give us confidence in our public statements each quarter," said Agrawal.
 
"Unfortunately, we don't believe that this specific estimation can be performed externally, given the critical need to use both public and private information (which we can't share). Externally, it's not even possible to know which accounts are counted as mDAUs on any given day," he added.
 
Musk then replied on his Twitter thread: "So how do advertisers know what they are getting for their money? This is fundamental to the financial health of Twitter."
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
Comments
SC Agrees To List SFIO's Plea Challenging Delhi HC Relief to Sahara Group Companies
IANS 17 May 2022
The Supreme Court on Tuesday agreed to list a plea by SFIO (serious fraud investigation office) challenging a Delhi High Court (HC) order, which stayed the investigation into companies related to the Sahara group.
 
A plea...
Million Rupee Cars, UVs Selling Five Times Faster Than Lower-priced Ones: Report
Moneylife Digital Team 16 May 2022
Over the past two fiscals, the COVID-19 pandemic has changed the dynamics of many an industry. The passenger vehicles segment is one such. During the past fiscal, passenger cars priced Rs10 lakh (Rs1 million) and above sold five...
Adani to acquire Ambuja Cements and ACC for US$10.5 billion from Holcim
IANS 16 May 2022
The Adani family, through an offshore special purpose vehicle (SPV), announced that it had entered into definitive agreements for the acquisition of Switzerland-based Holcim Ltd's entire stake in two of Indias leading cement...
Musk prefers to visit Indonesia as top Indian ministers fail to impress him
IANS 16 May 2022
Tesla and SpaceX CEO Elon Musk has decided to visit Indonesia in November this year, as he reportedly wraps up Tesla operations in India amid continuous requests from top ministers and senior politicians to come and manufacture...
Free Helpline
Legal Credit
Feedback