Elon Musk says Twitter deal cannot move forward until Parag Agrawal proves less than 5% spam account claim

Advertisement
Elon Musk says Twitter deal cannot move forward until Parag Agrawal proves less than 5% spam account claim
Representational image.Business Insider India
  • Elon Musk has said the $44 billion Twitter acquisition deal cannot move forward until the company proves its claims about spam accounts.
  • He has asked Parag Agrawal to publicly prove spam accounts represent less than 5% of its active users.
  • He has shared a report which claims that spam users could be as high as 20% of active Twitter users.
Advertisement
Tesla cofounder Elon Musk has announced that his $44 billion Twitter acquisition deal cannot move forward until Twitter chief executive officer Parag Agrawal publicly proves the company’s claim that spam accounts represent less than 5% of its monetizable monthly daily active users.

Musk has shared a report that claims that the Tesla cofounder during a tech conference in Miami said that 20% users on Twitter are spam or fake accounts.

Musk in his tweet has said, “20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher. My offer was based on Twitter’s SEC filings being accurate. Yesterday, Twitter’s CEO publicly refused to show proof of <5%. This deal cannot move forward until he does.”

Complimentary Tech Event
Discover the future of SaaS in India
The 6-part video series will capture the vision of Indian SaaS leaders and highlight the potential for the sector in the decades to come.Watch on Demand
Our Speakers
Girish Mathrubootham
Brian E. Taptich
This development comes soon after Agrawal in a twitter thread claimed that the company suspends half a million spam accounts every day and it stands by its less than 5% number, while claiming that it is not possible to share the information required to calculate the spam accounts publicly.

Musk replied to Agarwal’s tweets with a “smiling poop” emoji, which has received over 46,000 likes so far.

Advertisement

Further, Musk asked Agrawal if there is no public proof about the platform’s spam accounts, “how do advertisers know what they’re getting for their money? This is fundamental to the financial health of Twitter.”

Responding to Andrea Stroppa, a researcher, Musk said that Twitter should welcome external validation if its claims about spam accounts on its platform are true.

Earlier this month, Musk had announced that his $44 billion acquisition of social media giant has been put on hold. The Tesla cofounder revealed that the deal has been put on hold pending an investigation on fake users.

At the moment, it looks like the deal may end up being shelved or closed at a reduced price as Twitter is unlikely to reveal the calculation publicly.
SEE ALSO:

Twitter chief says the company suspends over half a million spam accounts each day as Elon Musk puts his acquisition deal on hold

Elon Musk said repricing his Twitter deal for less is 'not out of the question,' according to report

Elon Musk says we can't let humankind end in 'adult diapers' and that the environment would be fine if we doubled our population
{{}}