Musk wants to revise his $44 billion proposal for Twitter. He further said that it’s impossible to pay the same price for Twitter when it’s worse than its CEO claimed. He brought this up in reference to bots that cause trolling. Bots are creating problem for Musk this time.
Tussle between the CEOs of Twitter and Tesla due to bots
Elon Musk stepped up his public feud with Former Twitter CEO Jack Dorsey last Tuesday. He declared that his deal of the social media giant “cannot move forward”. He wants to wait until he receives more information on the prevalence of spam accounts.
Musk took to twitter that Twitter is “20% fake/spam accounts” and that Twitter’s entries with the Securities & Exchange Commission were confusing. According to the Twitter, less than 5% of its daily active users are spam accounts.
Agrawal provided data regarding the number of spam accounts that Twitter suspends each day, and how the team identifies them. However, he added that they don’t believe this specific estimation can be performed externally, provided the critical need to use both public and private information (which they can’t share).
Musk wishes to get clarity on bots’ problem
The Tesla CEO’s efforts to obtain clarification on these figures resulted in a public tiff Twitter CEO Parag Agrawal on Monday. Musk’s most recent tweets appeared to throw further question on the $44 billion deal. Musk recently announced that deal is “temporarily on hold,” but that he is “still dedicated to acquisition.” Musk’s pivot fueled a speculation. People are thinking that the world’s richest man is using the bot debate to obtain a good valuation for Twitter.
Twitter admits that it isn’t doing a good job of preventing its platform from remaining spam or bad Bots. However, it has reiterated its efforts to distinguish between good and bad Bots. It is working to remove spammy accounts, but more clarity is needed too.
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