Elon Musk Says He'll Scrap Twitter Buy Unless He Gets Clarity on Fake Account Volume

etonline.com:

Elon Musk says his deal to buy Twitter can't move forward unless the company shows public proof that less than five percent of the accounts on the social media platform are fake or spam.Musk made the comment in a reply to another user on Twitter early Tuesday.

He spent much of the previous day in a back-and-forth with Twitter CEO Parag Agrawal, who posted a series of tweets explaining his company's effort to fight bots and how it has consistently estimated that less than five percent of Twitter accounts are fake.In his tweet Tuesday, Musk said that «Twenty percent fake/spam accounts, while four times what Twitter claims, could be much higher.

My offer was based on Twitter's SEC filings being accurate.»He added, «Yesterday, Twitter's CEO publicly refused to show proof of five percent.

This deal cannot move forward until he does.»It's Musk's latest salvo over inauthentic accounts, a problem he has said he wants to rid Twitter of.At a Miami technology conference Monday, Musk estimated that at least 20 percent of Twitter's 229 million accounts are spam bots, a percentage he said was at the low end of his assessment, according to a Bloomberg News report.The battle over spam accounts kicked off last week when Musk tweeted that the Twitter deal was on on hold pending confirmation of the company's estimates that they make up less than five percent of total users.Also at the All In Summit, Musk gave the strongest hint yet that he would like to pay less for Twitter than the $44 billion offer he made last month.He said a viable deal at a lower price wouldn't be out of the question, according to the report by Bloomberg, which said it viewed a livestream video of the conference posted by a Twitter user.Musk's comments are likely to.