Tesla CEO Elon Musk recently added to speculation that he might try to buy Twitter at a lower price while speaking in Miami, saying that a viable deal for less money is “out of the question”.
Bloomberg reports that Tesla CEO Elon Musk recently added to rumors that he may be trying to negotiate a better price when buying Twitter, saying that a lower price deal is out of the question. Their statement was made at a technical conference in Miami.
Twitter shares were down 8.2 percent at closing in New York. Shares fell amid rumors that Musk could pull out of a $44 billion buyout deal. Concerns about the deal grew last week as Musk questioned Twitter’s publicly available data on bots and spam accounts on the platform.
At a tech conference in Miami, Musk estimated that fake Twitter users make up at least 20 percent of all Twitter accounts. “We were told it is impossible to know the number of bots at the moment,” Musk said at the conference. “It is as incomprehensible as the human spirit.”
Twitter has previously said that about five percent of accounts on its platform are bots or fake accounts. Twitter CEO Parag Agrawal recently published a thread outlining how the company measures spam on the platform, saying: “Our actual internal estimates for the last four quarters are less than 5% based on the method described above. The margin of error in our estimates. gives us confidence in our quarterly public statements.”
Musk said the deal to buy the company “can’t move forward” unless the platform talks about bots.
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Source: Breitbart
