Musk, CEO of SpaceX and Tesla and the richest person in the world – with a fortune of 230,000 million dollars, according to Forbes magazine – denounced that “the CEO of Twitter refused to prove that less than 5% of the accounts are fake,” tweeted Musk, who has almost 94 million followers on the network. “Until he does, the deal cannot go forward,” he added.
Reverse?
Dan Ives, an analyst at Wedbush, said in a note to investors that the issue of fake accounts is confusing the Twitter purchase deal.
“The issue of ‘bots’ is something known even by taxi drivers in New York and seems more like an excuse of the type ‘the dog ate my homework’ to get out of the deal on Twitter or to get a lower price,” he said. the expert. According to Ives, Musk’s new tweet will weigh on the company’s share price “because the probability of the deal going through now is not that good.” “I think there is more than a 60% chance that Musk will drop out of the negotiation and pay the severance pay,” he added.
Controversy
Twitter CEO Parag Agrawal said the platform suspends more than half a million fake-looking accounts every day—many times before they go public—and every week it blocks millions of suspected users from accounts that are fake. software driven.
Internal analysis reveals that less than 5% of active accounts on an average day qualify as spam, but these accounts cannot be replicated by third parties due to privacy requirements, Agrawal said.
Twitter refuted the offeror by posting a summary of the deal on April 23-24, showing that the South African-born businessman asked no questions about the deal and was in a hurry to close the deal.
Musk, on the other hand, says that “bots” are a plague on Twitter, which represent about 20% of accounts, and considers it a priority to get rid of them if he takes control of it.
the platform. In her style, she tweeted back at Agrawal’s explanation with an icon representing excrement.
“Do advertisers know what they get for their money?” Musk said in another dialogue about the need to prove that Twitter users are real people. “This is critical to the financial health of Twitter,” he said.
Despite its importance, the company finds it difficult to increase its income from advertising.
Agrawal insisted that the procedure for estimating how many accounts are “bots” was shared with Musk.
According to an estimate released Friday by software company SparkToro, 19.42% of Twitter accounts are fake or “spam,” though the company acknowledges that its methodology for determining bots is likely to be different from Twitter’s.
In fact, SparkToro has a tool on their website that shows that more than 70% of Musk’s 93.7 million followers are fake accounts.
Source: Ambito
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