Elon Musk Paused The $43 Billion Twitter Takeover Until The Platform Confirms The Number Of Spam Accounts
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
Musk also referenced a report from Reuters published earlier on May 2, 2022. According to the news outlet, fake accounts make up less than 5% of Twitter’s total user base.
As far back as 2020, Musk has tweeted his concerns about the activities of spambots on the social network. On several occasions, Elon has tagged the situation as a critical issue that needs to be addressed.
Report as soon as you see it. Troll/bot networks on Twitter are a *dire* problem for adversely affecting public discourse & ripping people off. Just dropping their prominence as a function of probable gaming of the system would be a big improvement.
Following the huge $43 billion bid to buy out Twitter, Musk also tweeted plans regarding the matter.
If our twitter bid succeeds, we will defeat the spam bots or die trying!
Elon Musk’s Twitter Acquisition
EWN previously reported Elon’s path to the Twitter acquisition attempt. It started in March after the billionaire deployed around $2.98 billion buying a 9.2% stake in the company. Shortly after, Musk was expected to join the board but the seat was turned down.
Days later, Elon announced his bid to buy Twitter and offered $54.20 per share. Also, an updated 13-D filing with the SEC revealed that Andreessen Horowitz, Binance, Sequoia, and other heavyweight investors pledged significant equity towards the historical buy.
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