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Musk-Twitter Deal: Musk’s revelations reveal the dirty truth of Twitter! Will the $44 billion deal be cancelled?

Photo:FILE

Elon Musk

Highlights

  • Musk estimates that at least 20 percent of Twitter’s 229 million accounts are fake.
  • Musk would like to pay less than the US$44 billion offer
  • The company estimates that fake accounts account for less than five percent

Musk-Twitter Deal: The Elon Musk Twitter deal, which was the center of worldwide discussion in April, has begun to darken in the month of May. Looking at the current situation, it is believed that this biggest deal in the field of social media may also end. Tesla Chief Executive Officer (CEO) Elon Musk has said that his deal to buy Twitter cannot proceed until the company publicly shows evidence that fake or spam accounts on its platform are five less than a percentage.

Musk made the comment on Tuesday in a reply to a user on Twitter. He spent most of the last day in discussions with Twitter CEO Parag Agarwal. Parag said in a series of tweets that the company estimates that fake accounts are less than five percent. He also spoke about the company’s efforts to fight bots.

Musk fears 20 percent fake accounts

Musk said in his tweet on Tuesday, “20 percent of fake/spam accounts, which can be four times what Twitter claims, could be quite high. My offer was based on the correctness of Twitter’s SEC filings.” “Yesterday, Twitter’s CEO declined to publicly show evidence of five percent. The deal can’t move forward until they do.”

22.9 crore fake accounts

At the Miami Technology Conference on Monday, Musk estimated that at least 20 percent of Twitter’s 229 million accounts are fake, Bloomberg News reported. He said this was his lowest estimate. At the same time, Musk gave strong indications that he would like to pay less for Twitter than the US$44 billion offer made last month.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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