The world’s richest person, Elon Musk’s sensational attempt to buy Twitter for 44 billion dollars, still continues to set the agenda. The process of acquiring the entire platform, of which he first bought a 9.2 percent stake, seems to be subject to some conditions.
Fake and spam accounts, 4 times what Twitter claims
Elon Musk’s offer to buy Twitter has been accepted by the company. However, the transaction cannot be made official at this time. The company’s statement about fake and spam accounts apparently did not satisfy Musk. So much so that the Tesla CEO thinks that fake and spam accounts on the platform should be less than 5 percent of total users.
Elon Musk has announced his terms for the acquisition, which has been pending for a while. As always, the businessman, who made a statement on Twitter, explained his conditions. Accordingly, Musk said that there will be no deal until the platform discloses real fake and spam data. The businessman included the following statements in his tweet.
20 percent fake and spam accounts could be much higher if 4 times what Twitter claims. My proposal was based on the correctness of Twitter’s SEC filings. Yesterday, Twitter’s CEO flatly refused to show evidence of less than 5 percent. The agreement cannot proceed without this statement.
On the other hand, SparkToro and Followerwonk companies recently shared data on fake and spam accounts on Twitter. According to the report, which was prepared after Elon Musk did not trust the statement of the Twitter company, there is a fake account rate of 19.42 percent on the platform.
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