Elon Musk said Tuesday his proposed $44 billion Twitter buyout can’t move forward until its CEO provides proof the platform has fewer than 5% fake accounts.
“My offer was based on Twitter’s SEC filings being accurate,” Musk tweeted.
He said: “20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher. Yesterday, Twitter’s CEO publicly refused to show proof of <5%. This deal cannot move forward until he does.”
Twitter CEO Parag Agrawal earlier posted a thread on Twitter explaining why Musk’s proposal to sample 100 random accounts to figure out what proportion of accounts on Twitter are spam wouldn’t work. Musk responded with a poop emoji.
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