Elon Musk twitter is still not fully convinced at the stage of purchasing his platform. There is a new explanation about this.
Elon Musk, bought the Twitter platform for $44 billion and adjusted the money for it, but the transaction has not been formalized yet. Normally this was expected towards the end of the year. However, Musk, who made a surprise announcement last week, Twitter deal is temporarily suspended and whether spam/fake accounts really represent less than 5 percent of users announced that it is awaiting verification. This verification has not yet come fully. Twitter CEO Parag Agrawal Some statements were made by Musk yesterday, but they did not please Musk. Because, according to the accounts, more than 20 percent of Twitter fake / spam / bot It consists of accounts, and Musk also believes it, although he has no evidence of it. “Parag Agrawal confirmed the 5 percent figure with his statements yesterday.” said Musk on Twitter, “The agreement will not proceed this way without proof.” and once again conveyed his opinion clearly.
Elon Musk is paying less for Twitter, according to some sources wants. Behind this is the number of real / fake users mentioned. Musk may be looking to bring down $44 billion on the number of spam accounts. In this regard, the opinion that Twitter will be less valuable with fewer real users is dominant.
At this time, Musk has not entered yet. twitter There are also important developments. Twitter CEO Parag Agrawal, has made great strides in the past few days and senior company executives Kavyon Beykpour and Bruce Falck announced that they were parting ways with In addition, it is reported to freeze large recruitments. agrawal, He wants to reduce the cost with these moves, but much bigger things are going on in the background.
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as far as we know Elon Musk does not trust the current administration and in this respect, major changes are being made at the top level. It is also reported that after Musk begins to fully control the company, he may sit in the CEO seat for a while and make major layoffs in general. According to Musk, the company is in a position to be managed much more efficiently.
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.
— Elon Musk (@elonmusk) May 17, 2022