Use code TPM for up to 66% off at MyPillow.com

ADVERTISEMENT
American News May 17, 2022 3:24 PM EST

Musk's Twitter deal 'on hold' until CEO proves bot accounts are less than 5 percent of users

Musk has said that the deal to buy Twitter cannot move forward until it is proven that less than 5 percent of the site's accounts are bots. The deal remains "on hold."

Musk's Twitter deal 'on hold' until CEO proves bot accounts are less than 5 percent of users
Roberto Wakerell-Cruz Montreal, QC

Space X and Tesla CEO Elon Musk said on Tuesday that his purchasing of Twitter would remain on hold until the tech giant can prove that fewer than five percent of accounts are bots.

Musk's offer to buy Twitter was "based on Twitter's SEC filings being accurate," which claimed that fewer than five percent of the accounts on the site were bots.

Musk said that he believes 20 percent of accounts on the site are bots, according to Forbes, and on Tuesday, he tweeted that the 20 percent figure could me "much higher."

Musk said that CEO Parag Agrawal "publicly refused to show proof" after he tweeted that Twitter's "actual internal estimates for the last four quarters were all well under 5% – based on the methodology outlined above. The error margins on our estimates give us confidence in our public statements each quarter."

"Unfortunately, we don't believe that this specific estimation can be performed externally, given the critical need to use both public and private information (which we can’t share). Externally, it's not even possible to know which accounts are counted as mDAUs on any given day," Agrawal said in a thread on Monday.

Musk has said that the deal to buy Twitter cannot move forward until it is proven that less than 5 percent of the site's accounts are bots. The deal remains "on hold."

Ads by revcontent

Join and support independent free thinkers!

We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.

Support The Post Millennial