Elon Musk Withholds The Twitter Deal

Elon Musk Withholds The Twitter Deal
  • Musk asks for proof of the number of bot accounts on Twitter.
  • 0.5 million spam accounts are removed every day by the Twitter team.

Twitter acquisition by Elon Musk has taken a backseat. The theory behind this decision differs from person to person, analytics in the field have various explanations for this. The official withholding reason given by Musk is that twitter failed to prove that <5% of mDAUs are (reported by the CEO of Twitter) spam or bots accounts and he believes that the number may be around 20%, which is 4 times more.

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By the end of April 2022, Twitter was ready to accept a $44 billion offer by Elon Musk, CEO of Tesla. Since then the acquisition went viral and every individual had a focus on this. 

But some expressed their views saying that this may be one of the media gimmicks to drag attention on the person as his automobile stocks were not in a good place. Or an economical strategy to bring down the amount prefixed for the acquisition.

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Bots in Twitter

On May 16, Parag Agarwal, CEO of Twitter, tweeted a detailed threat stating the Bot’s info on Twitter and the process underneath the removal and suspension of those spam accounts from Twitter. The report puts the number to be around half a million each day.

Parag Agarwal tweeted:

The tweet doesn’t seem to have pleased Musk, as he responded with controversial emoji and a question about the authentic returns for the advertisers, which in return strikes the “financial health of Twitter”.

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Amidst all this, TheRealPlanC, a famous crypto enthusiast Twitter account has released a picture of a fake account audit of Elon Musk’s Twitter account.

Fake Account Audit for Elon Musk (Source: TheRealPlanC)

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