Elon Musk, who bought a 9.2 percent stake in Twitter a while ago, started the process to take over the entire company. However, things do not go as planned by the parties who mutually agree and shake hands. Because Musk says that the platform is trying to extort a large amount of money from him by giving misleading information.
Today, Musk stated that his conversation with the Twitter CEO was not concluded and they continued to lie. Later, he made fun of the company by sharing a survey he made on the platform.
Elon Musk tore up the data announced by Twitter!
Twitter users have been aware of bot accounts and fake people on the platform for a long time. Because Musk also says that when the purchase is completed, everyone can register with identity verification and it will turn into an environment free of fake accounts.
Elon Musk stated the necessary conditions for the Twitter deal!
Elon Musk announced the terms of the acquisition of Twitter, which has been suspended for a while. The company’s statement is a matter of curiosity.
However, in the data shared by Twitter with Elon Musk before the purchase, it was stated that approximately 5 percent of the accounts on the platform were bots or fake people. When we turn this into real numbers, it is said that at least 11 million of the 229 million active users announced by the company belong to fake accounts.
However, according to the research conducted by 2 3rd party companies, SparkToro and Followerwonk, this ratio is far from the truth. In fact, 19.42 percent of active users are allegedly bots and fake accounts. This equates to 44 million accounts.
So Musk is justified in getting angry, teasing and reviewing his purchase decision. Because even only in advertising revenues, this rate can lead to a great loss. However, he says that they can continue the agreement under certain conditions despite all this.
The condition that Musk presented to the Twitter side was that they disclose the real numbers and, depending on the situation, sit at the bargaining table again. However, he conveyed his disappointing speech with the CEO of the company with the following words:
My proposal was based on the correctness of Twitter’s SEC filings. According to the research, the rate of bots and fake accounts is 20 percent. That is exactly 4 times what was said. The difference is very high. Yesterday, Twitter’s CEO flatly refused to show evidence of less than 5 percent. The agreement cannot proceed without this statement.
What do you think about this subject? Don’t forget to share your feedback with us on the SDN Forum or in the comments!