NEW YORK: Billionaire Elon Musk said on Tuesday that his purchase of Twitter would not go ahead unless he was given assurances on the bots he says plague the platform, further complicating his acrimonious bid for the social media giant.
The chief of SpaceX as well as Tesla, Musk is currently listed by Forbes as the world’s wealthiest person, with a fortune of about $230 billion, much of it in Tesla stock.
Seen by his champions as an iconoclastic genius and by his critics as erratic and power-hungry, Musk surprised many investors in April with news that he wanted to purchase Twitter. But his $44 billion bid for the company is now “temporarily on hold,” pending questions over its estimates of the number of fake accounts, or bots.
“Yesterday, Twitter’s CEO publicly refused to show proof of 5pc,” tweeted Musk, who has almost 94 million followers on the social network.
“This deal cannot move forward until he does.” Twitter chief executive Parag Agrawal has said the platform suspends more than a half-million seemingly bogus accounts daily, usually before they are even seen, and locks millions more weekly that fail checks to make sure they are controlled by humans and not by software.
Internal measures show that fewer than five percent of accounts active on any given day at Twitter are spam, but that analysis cannot be replicated externally due to the need to keep user data private, Agrawal contended.
Musk — who posted that the real number of bots may be four times what Twitter claims and “could be much higher,” and has said he would make getting rid of them a priority if he owned the platform — responded to that tweet by Agrawal with a poo emoji.
Published in Dawn, May 18th, 2022