Elon Musk says Twitter deal should be cut proportionate to bots

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Elon Musk says Twitter deal should be cut proportionate to bots

Saturday, he said that his agreement to purchase Twitter for $44 billion and take it private should be cut proportionate to the number of bots on the platform.

In response to Ian Miles Cheong, Musk tweeted Absolutely, saying that if 25% of the users are bots, the Twitter acquisition deal should cost 25% less. The Tesla CEO said that they were skepticism at Twitter's willingness to address the presence of bots on their platform, but I am worried that Twitter has a disincentive to reduce spam, as it reduces perceived daily users. They still don't explain how they calculated that 5% of daily users are fake spam! He said he was very suspicious in a separate tweet.

Musk set up transparency on the number of fake or spam accounts as a condition for his $44 billion purchase of Twitter last week.

Musk said 20% of fake spam accounts, while 4 times what Twitter claims, could be much higher. My offer was based on Twitter's SEC filings. Musk said that the deal can't move forward until he does, as the CEO of Twitter, Agrawal has publicly refused to provide proof that less than five percent of users are bots. If Musk backs out of the deal, he will have to pay a $1 billion termination fee and could be subject to additional litigation, according to Teslarati.

In the first quarter of 2022, Twitter's daily active user base grew 15.9%, year-over-year to 229 million, including 39.6 million daily active users in the US and 189.4 million daily active users.