Elon Musk, CEO of Tesla said, the deal for buying Twitter cannot move forward unless the company will show a public proof that, less than 5 percent of the total counts on Twitter are fake or spam.
Elon Musk said, he has spent much of the previous day in a back and forth with Parag Agrawal, chief executive officer of Twitter, who has posted a series of tweets explaining that, the efforts of Twitter for fighting the bots and how it has been consistently estimated that less than 5 percent of the accounts on Twitter are spam of fake.
In a tweet, Elon Musk said that, the company ‘Twitter’ has claimed, there is 20 percent of fake or spam accounts and his offer had been based on the SEC filings of Twitter for being accurate. He also said that, previously the chief executive officer of Twitter has publicly refused for showing the proof of 5 percent fake or spam accounts and this deal cannot move forward until the CEO of Twitter does.
Twitter has now declined to make any comment and at the Miami technology conference, Elon Musk has also estimated that at least 20 percent of the 229 million accounts on Twitter have been spam bots, which is a percentage he said had been at the lower end of the assessment of Elon Musk.