Current Events > Elon suddenly VERY concerned with how much of Twitter's userbase is bots

(+) Yeah! (+)

https://www.theguardian.com/technology/2022/may/17/elon-musk-twitter-deal-bot-tesla

Elon Musk has cast further doubt over his $44bn (35bn) takeover of Twitter after stating the deal cannot move forward until the social media company proves that less than 5% of its users are fake or spam accounts.

The Tesla chief executive used his Twitter account to say the agreed deal would not progress until the firm showed proof that only a small proportion of its users were fake.

My offer was based on Twitters SEC filings being accurate. Yesterday, Twitters CEO publicly refused to show proof of <5%. This deal cannot move forward until he does.

https://twitter.com/elonmusk/status/1526465624326782976

Twitter said within hours of Musks latest tweet that it remained committed to the deal, as it filed new details on the transaction with the US financial regulator, the Securities and Exchange Commission. Twitter is committed to completing the transaction on the agreed price and terms as promptly as practicable, the company said.

Musk announced last week that the deal was on hold after he queried Twitters claim in SEC filings that a small proportion of its users were fake or spam.

The Twitter chief executive, Parag Agrawal, attempted to address Musks concerns in a lengthy tweet thread on Monday but his efforts to explain the problem with the benefit or data, facts, and context were met with a poo emoji from the worlds richest person.

https://twitter.com/paraga/status/1526237578843672576

Musks latest tweet will add to speculation that he is preparing to walk away from the deal, which could trigger a $1bn break fee payable to Twitter, or attempt to strike a new takeover agreement at a price lower than the agreed $54.20 a share.

Twitter shares, which have been affected by speculation that the deal might founder, were trading at $37.39 on Tuesday.

Fake or spam accounts, known as bot accounts, are automated and not run by human users. They may use the reply function or direct messages to send adverts or scams to users, or represent attempts to influence public discourse by tweeting political propaganda.

Other fake accounts exist purely to boost the metrics of individual users, who can buy followers, likes and retweets from bot sellers who control thousands or millions of fake accounts. Because they also inflate Twitters daily user numbers 229m currently they also pose a threat to the companys advertising revenue, which accounts for 90% of its income. However, Twitter has consistently made clear in its quarterly statements since 2014 that it estimates its spam account problem to represent less than 5% of its users.

Looks like his pump and dump isn't going as planned!

How isn't it going as planned? $38 is significantly lower than when the deal was announced.

this was all a ruse to up the stock by 40% so that his friends could make money. its back down now

Bots deserve freedom of speech too, Elon.

It's really weird to say this publicly.

elon musk is a bot

DeadBankerDream posted...

It's really weird to say this publicly.

This is one of my main complaints about Elon Musk. Not everything needs to go on social media.

Keep it in the general

CableZL posted...

This is one of my main complaints about Elon Musk. Not everything needs to go on social media.

It has to be on social media, because he is blatantly using media attention to manipulate stock prices.

Because he's a piece of shit.

That's not what a pump and dump is.
A pump means the value goes up. He's trying to crash it so he can buy it for less.

Sexypwnstar posted...

How isn't it going as planned? $38 is significantly lower than when the deal was announced.

Still waiting for TC to address this unless he's just saying shit he knows nothing about?

Bio1590 posted...

The Twitter chief executive, Parag Agrawal, attempted to address Musks concerns in a lengthy tweet thread on Monday but his efforts to explain the problem with the benefit or data, facts, and context were met with a poo emoji from the worlds richest person.

Do you think he's better in person or is he always this obnoxious?

Sexypwnstar posted...

Still waiting for TC to address this unless he's just saying shit he knows nothing about?

They said, after twenty whole minutes

Punished_Blinx posted...

Do you think he's better in person or is he always this obnoxious?

Probably always that obnoxious.

Elon Musk is the Citizen Kane of losers

Punished_Blinx posted...

Do you think he's better in person or is he always this obnoxious?

He's probably better in person because he's not acting with the implicit impression that his words are being heard by his audience of millions.

were met with a poo emoji from the worlds richest person.

This is the fucking timeline we ended up in.

i doubt Musk is "surprised" by anything he's finding at Twitter

hes a wealthy business man with a crazy amount of connections and supporters
he never needed to buy the platform to find out how it operated now or before
money and power make people talk, even betray their own team
influence scares people into talking and convinces other people to collaborate for opportunities

and dont forget there's Jack Dorsey himself

Musk very likely knew wtf he was doing from the beginning and hes pulling threads now, the buy out could just be a ruse

All of this over some potential airline bots, my God.

The potential though. Damn.

Sexypwnstar posted...

How isn't it going as planned? $38 is significantly lower than when the deal was announced.

He's agreed to pay $54.20 a share though. Why would Twitter agree to lower it?

Not to mention his own stock is tanking too. Which I think is the real reason he's trying to find a way to back out or hope they sell for lower. I hope they don't budge tbh.

Punished_Blinx posted...

He's agreed to pay $54.20 a share though. Why would Twitter agree to lower it?

Not to mention his own stock is tanking too. Which I think is the real reason he's trying to find a way to back out or hope they sell for lower. I hope they don't budge tbh.

I can guarantee you that as soon as he officially does or doesn't buy, both stocks are going through the roof.

https://twitter.com/AdamWeinstein/status/1526687702711664640

Punished_Blinx posted...

He's agreed to pay $54.20 a share though. Why would Twitter agree to lower it?

Not to mention his own stock is tanking too. Which I think is the real reason he's trying to find a way to back out or hope they sell for lower. I hope they don't budge tbh.

Because the share price is significantly lower now that paying $1 billion to back out (if he wants/needs) is inconsequential to just buying at a lower price by force; or as is happening, discerning that Twitter is not being truthful with their numbers and advertising numbers at that price.

ToPoPO posted...

Because the share price is significantly lower now that paying $1 billion to back out (if he wants/needs) is inconsequential to just buying at a lower price by force;

So how much would he save doing this? He always needs to buy higher than what it is listed for.

ToPoPO posted...

or as is happening, discerning that Twitter is not being truthful with their numbers and advertising numbers at that price.

So did he always know they weren't being truthful and he's lying about it now or is he surprised at figures provided to him and it wasn't planned?

Im gonna create a twitter bot account

I agree. Twitter needs to do something about all the Russian bots that have pushed people to do shit like fuck over LGBT people and agree with Elon Musk.

Bio1590 posted...

Elon Musk has cast further doubt over his $44bn (35bn) takeover of Twitter after stating the deal cannot move forward until the social media company proves that less than 5% of its users are fake or spam accounts.

Welp, pack it up boys.

[LFAQs-redacted-quote]

Because he signed a contract agreeing to, mainly.

DrizztLink posted...

They said, after twenty whole minutes

Still waiting! TWTR down another 4%