Elon Musk has announced that his deal to acquire Twitter “cannot move forward” until the company can provide information on the number of fake profiles on platform.
The Tesla CEO’s $44bn deal has been put on temporary hold while he verifies that less than 5% of Twitter users were spam or fake accounts, according to a report from Reuters.
During a conference in Miami on Monday, Musk didn’t rule out the possibility of renegotiating his Twitter purchase to a lower price, saying it was “not out of the question”, and that it would be “as unknowable as the human soul”, to identify how many bots were exactly on the platform.
The Tesla CEO tweeted from his account: “20% fake/spam accounts, while 4 times what Twitter claims, could be much higher.”
This week, current Twitter CEO Parag Agrawal uploaded a lengthy Twitter thread concerning spam and how it affects the company’s business.
One message read: “The use of private data is particularly important to avoid misclassifying users who are actually real. FirstnameBunchOfNumbers with no profile pic and odd tweets might seem like a bot or spam to you, but behind the scenes, we often see multiple indicators that it’s a real person.”
Musk has shown his concerns surrounding bot activity on the social media platform with eliminating spam as one of his top priorities before his discussion and decision to acquire it.
Additional plans proposed by the Tesla CEO are to build an edit button to amend tweets, make Twitter’s code open-source and add Dogecoin as a payment method.
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