Musk says Twitter deal is dead unless CEO can prove spam stats – businesstraverse.com

in a new one tweet Fired from Twitter before the market opens, Elon Musk has reiterated that his $44 billion deal to buy the social media platform is on hold over the issue of spam bots.

But now he is tacitly accusing the company of lying about its share of fake/spam accounts on the platform, claiming that the CEO “publicly refused to show evidence of <5%".

Musk has also issued an outright ultimatum, writing, “This deal can’t go through until he does.”

He goes on to suggest that the platform could have more than 20% fake/spam accounts, citing a report of comments he made Monday in Miami in which he said he believes a fifth of Twitter accounts are fake/spam bots. .

The tweet seems intended to put even more pressure on Twitter’s management, which has already suffered the indignity of Musk tweeting a poo emoji to CEO Parag Agrawal (see our earlier report) in a very public discussion of the spambot problem. , including Musk-generated ‘noise’

With this latest Twitter CEO targeting tweet, the shitposting billionaire could engage in more troll-faced bullyboy tactics — by trying to get more negative publicity (on Twitter) meant to hammer Twitter’s stock price — trying to force the company to accept a lower offer, if only to get him to shut up.

Or, well, he’s looking for a way to end the deal completely.

At the time of writing, Twitter’s share price was another 2.75% lower pre-market. The stock has fallen in recent weeks as Twitter grapples with Musk-shaped bumps in the road, from a high of about $50 when its bid was accepted to a low of about $37 now.

Let’s hope the mafia doesn’t take notes from Musk’s script on “the power of a social media megaphone platform.”

Notably, Tesla’s CEO waived his right to due diligence when he agreed to buy Twitter last month — presumably to encourage Twitter to accept what he suggested as its “best and final offer” after it board had initially tried to evade the takeover . So whining about the percentage of bots he’s buying now is either stupidity or calculated stupidity.

While his insistence that Twitter be open to “external validation” in the field of bone detection could at least endear him to the independent research community.

Musk also agreed to a no-minor clause as part of the deal to buy Twitter. But apparently he doesn’t understand what that word means. Or he continues to pretend that binding legal agreements simply do not apply to him.

Twitter was contacted for comment on Musk’s latest allegations. At the time of writing there was no response yet Bloomberg just tweeted that the company said it “remains committed to completing the transaction at the agreed price and terms as quickly as possible”.

The company also has a provisional power of attorney on the acquisition, further suggesting that it has committed to the deal as agreed.


Shreya Christinahttps://businesstraverse.com
Shreya has been with businesstraverse.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider businesstraverse.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

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