The deal between Elon Musk and excitement Jammed. The tech mogul warned this Tuesday that his bid to buy the social network for $44,000 million (about €41,000 million) could be in jeopardy due to a dispute with company management over the number. fake accounts.
“Yesterday the Twitter CEO refused to provide evidence that they were less than 5%. This deal cannot move forward without him.” tweeted.
Musk announced on Friday that he is “temporarily” suspending purchases of the platform until it learns the exact number of fake or automated accounts. Twitter pointed out to US officials that less than 5% of monetizable users are; this is something that the richest man in the world is not clear.
What does Musk want?
It’s always hard to read the intentions of someone as provocative and mysterious as Musk. However, analysts point out that with this gesture, the deal could seek ways to renegotiate its price downwards. Businessman at a conference in Miami, who was also responsible for: tesla Y Space X He assured that the option to seek a lower purchase price was “unlikely”.
Another option would be to abandon it altogether. The option to opt out of the settlement legally seems more complicated, as a clause was agreed upon under which one of the parties would have to pay a $1,000 million penalty if they chose to back out.
The situation between the Twitter leadership and Musk is particularly tense. This Monday, the head of the social network, Parag Agrawal, sent a topic Here he explained how they detected and removed up to half a million fake accounts a day. Currently, the chief executive also noted that their proportion is less than 5%. The tech king simply responded to these remarks with a poop emoji.
Musk fears that the percentage of fake accounts is higher than what Twitter announced; This, if true, is something that would change the true value of the company and restructure the “last and best offer” the controversial businessman put on the table. Among his priorities is the mass withdrawal of fake accounts from the platform, and he even pointed out that he wants to “verify all people”, a statement of intent that could end anonymity on the bluebird’s social network.
Source: Informacion
Barbara Dickson is a seasoned writer for “Social Bites”. She keeps readers informed on the latest news and trends, providing in-depth coverage and analysis on a variety of topics.