Twitter staff must really wish for a quiet life… Elon Musk, the billionaire gadfly who recently decided to add the social media platform to his collection of tech companies, has just tweeted that its $43 billion bid to buy the company is “pending details supporting the calculation that spam/fake accounts indeed represent less than 5% of users.”
Given Musk’s propensity for trolling, it’s pretty hard to know if this is A) a serious concern that is B) actually suspending the deal because C) Musk is cold at the eyes ; or whatever, D), an attempt to exploit the downward trajectory of Twitter’s stock price over the past few days in an attempt to renegotiate a lower price to buy it. (Or, E), more Musk shitposting — with who knows what legal ramifications.)
We reached out to Twitter for a response to Musk’s tweet about the deal being suspended, but as of this writing, the company hasn’t commented.
Musk has made his hatred of Twitter spambots particularly clear – promising he will make fighting spam a priority after taking over the company.
So if spam/fake accounts make up more than 5% of Twitter users, there’s a risk that Musk will overpay – which is especially bad if he actually intends to “authenticate all humans” in order to purge all spam. This could mean that the size of the platform would decrease by up to 5% – or more (if Twitter’s calculations are wrong).
The Reuters story that Musk is referring to in his tweet is a May 2 report on a filing by Twitter earlier this month that says fake accounts or spam accounted for less than 5% of its monetizable daily active users at the time. course of the first trimester.
During the quarter, Twitter reported having 229 million users who received advertising.
Where will this chaotic saga go next? Guess what. But whatever happens is already extremely messy and damaging for Twitter – with the company’s share price even lower in premarket trading today. Twitter’s board itself also continues to face questions about its decision to accept Musk’s offer.
A a group of senior executives were also made redundant before the change of course announced by Musk. And there There have also been reports of users leaving the platform fearing a Musk-led Twitter could open the floodgates to toxic hate speech. (Musk said he would let former US President Donald Trump return to the platform, for example.)