“I remember discounting the value” as a result, Iger said in remarks at the Code Conference in Beverly Hills, California.
Iger did not specify what he meant by “substantial.” Twitter has consistently claimed that less than 5% of its “monetizable” daily users are “bot” or “spam” accounts.
Iger’s comments come amid a legal battle between the billionaire businessman Elon Musk and Twitter about a $44 billion buyout deal. Musk, who is trying to get out of the deal, says Twitter has misrepresented the prevalence of “spam” or “bot” accounts on the platform.
Iger did not mention Musk by name in his remarks, but did say that “interestingly, because I read the news these days, we do look very carefully at all Twitter users,” before saying that “a substantial portion” of the users “were not real”.
In his memoir, “The Ride of a Lifetime,” Iger wrote that he thought twice about agreeing because of how “nasty” the Twitter pitch was, which he feared would become distracting.
Twitter sued Musk to enforce the settlement and the trial will begin on October 17. Twitter did not immediately respond to a request for comment.
Source: Ambito
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