“After Twitter’s bad rhetoric last week and falling stock prices – and the company’s value – helped, Elon Musk said on Monday that Twitter’s low purchase price was“ Not ruled out. ”
But it still doesn’t look good to get a social media giant, even at a reduced price.
Musk made a deal last month to buy Twitter for $ 44 billion, but recently complained about the company that it hurt its value.
He ended the deal last Friday after speculation that bots and spam could generate the company’s claim of less than 5% of its transaction accounts.
He called it “a reasonable argument behind Twitter that … the number of real and unique people [on the social media platform] This is over 95%. “He laughed:” There’s a bridge I want to sell you. “
He estimates, based on his ratio theory of the number of users of popular tweets, that spam and bots make up at least 20% of Twitter accounts. But Musk also suggested that bots could create “potentially 80% or 90%” of accounts, which is important for advertising, he said.
In response to a question, he said the reduction in the purchase price would not be “excluded” as a bot concern, but he also did not seem enthusiastic in this case. “The more questions I have, the more I worry. Eventually, this will have to be rectified. “
“It really depends on a lot of factors here,” he said. “I am still waiting for a logical explanation for the number of fake or spam Twitter accounts. And Twitter is rejecting us. Seems weird. “
He also accused Twitter of “far left bias”.
(See his full note below 🙂
Also on Monday, Musk responded with confused emotion when Twitter CEO Parag Agrawal explained in a detailed Twitter thread how the company identifies fake users.
Twitter declined to comment on Musk’s recent statements.
Bloomberg columnist Matt Levine last week expressed concerns about market manipulation and stock fraud in his Twitter takeover amid much public criticism of Musk on his massive social media platform about the company he endorsed. to buy.
Source: Huffpost
