Tesla CEO Elon Musk says his deal to buy Twitter can't move forward unless the company shows public proof that less than 5 per cent of the accounts on the platform are fake or spam.
Musk made the comment in a reply to another user on Twitter early on Tuesday. He spent much of the previous day in a back-and-forth with Twitter CEO Parag Agrawal, who posted a series of tweets explaining his company's effort to fight bots and how it has consistently estimated that less than 5 per cent of Twitter accounts are fake.
In his tweet on Tuesday, Musk said “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.” He added that “Yesterday, Twitter's CEO publicly refused to show proof of 5 per cent. This deal cannot move forward until he does.”
At a Miami technology conference on Monday, Musk estimated that at least 20 per cent of Twitter's 229 million accounts are spam bots, a percentage he said was at the low end of his assessment, according to a Bloomberg News report.
Also at the All In Summit, Musk gave the strongest hint yet that he would like to pay less for Twitter than his $44 billion offer made last month. He said a viable deal at a lower price would not be out of the question, according to the report by Bloomberg, which said it viewed a livestream video of the conference posted by a Twitter user.
