Tesla Inc TSLA CEO Elon Musk seems to be tacitly delaying the process of moving forward with his $44 billion offer for Twitter Inc TWTR.
He is now focusing his attention on digging out how the social media giant handles so-called automated bots.
During a recent interview, Musk said that fake users make up at least 20% of all Twitter accounts, possibly as high as 90%.
However, Twitter CEO Parag Agrawal responded that spam accounts make up fewer than 5% of total users.
One of Musk’s followers said that Twitter has made it much more difficult to report spam in a recent Twitter interaction.
Twitter has made it way harder to report spam. It requires more steps and is much slower and harder to read the reasons— Whole Mars Catalog (@WholeMarsBlog) May 21, 2022
as a result i’m reporting spam less. this is not good @elonmusk https://t.co/RftacHkhVw
Responding to the follower, Musk said he's concerned that the social media company has financial reasons not to aggressively reduce spam.
I’m worried that Twitter has a disincentive to reduce spam, as it reduces perceived daily users— Elon Musk (@elonmusk) May 21, 2022
When one Twitter account holder asked Musk if Twitter had gotten back to him about the real active users, Musk said the company had resisted clarifying the issue.
No, they still refuse to explain how they calculate that 5% of daily users are fake/spam! Very suspicious.— Elon Musk (@elonmusk) May 21, 2022
Last week, Musk mentioned in a Twitter post that unless Twitter shows how this 5% is calculated on a daily basis, he won’t move ahead with the deal.
20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.— Elon Musk (@elonmusk) May 17, 2022
My offer was based on Twitter’s SEC filings being accurate.
Yesterday, Twitter’s CEO publicly refused to show proof of <5%.
This deal cannot move forward until he does.
Photo: Created with an image from TED Conference on Flickr
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.