Elon Musk Provides Update on Twitter Deal: ‘Not Out of the Question’

Contact Your Elected Officials
The Epoch Times Header

Elon Musk on Monday provided an update on whether he will still purchase Twitter, coming three days after he questioned the number of bot accounts on the social media platform.

While speaking at the “All In” summit, Musk said that a deal for Twitter is “not out of the question” but he suggested it be at a lower price.

“The more questions I ask, the more my concerns grow,” Musk said regarding the number of automated and bot accounts on Twitter. He then estimated that about 20 percent of all Twitter accounts are fake users, according to a live-streamed video of his remarks that were posted online.

When asked about whether the deal could be done at a lower price, he replied: “Maybe,” adding that he “was relying on public filings.”

It came as Twitter CEO Parag Agrawal issued a lengthy response to Musk’s allegations about bots, according to a series of Twitter posts.

“First, let me state the obvious: spam harms the experience for real people on Twitter, and therefore can harm our business,” Agrawal said Monday. “As such, we are strongly incentivized to detect and remove as much spam as we possibly can, every single day. Anyone who suggests otherwise is just wrong.”

Twitter, he added, suspends more than 500,000 spam accounts each day and locks out millions of accounts that are suspected of being spam on a weekly basis if they cannot be verified via means such as a phone number.

“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),” Agrawal continued Monday. “Externally, it’s not even possible to know which accounts are counted as [monetizable daily active users] on any given day,” he also wrote.

Agrawal, however, acknowledged Twitter isn’t perfect at dealing with spam.

“This is why, after all the spam removal I talked about above,” he wrote, “we know some still slips through. We measure this internally.”

Musk, as part of his response, responded with a feces emoji, although it’s not exactly clear what he meant.

“So how do advertisers know what they’re getting for their money?” he wrote to Agrawal. “This is fundamental to the financial health of Twitter.”

On May 13, Musk threw the reported $44 billion deal into question after he posted that it’s “temporarily on hold” due to reports about automated bot accounts. But later, he wrote he’s “still committed” to acquiring the company and taking it private.

After Musk purchased a significant number of Twitter shares—9 percent—in early April, the company’s stock prices have lost all their gains as of Monday. Shares are trading at $38.25—or the lowest closing price it’s had since April 1.

By Jack Phillips

Read Original Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

CHARLIE KIRK, YOU WEREN’T PROVED WRONG

"I want to be remembered for courage for my faith,” Kirk had said in a podcast merely two months ago. May his courage spur us to be bolder in our faith.

Trump’s Proposal For NATO To Stop Buying Russian Oil & Start Tariffing China Is Unrealistic

Trump proposed on social media that NATO stop buying Russian oil and start tariffing China 50-100% as part of his plan for ending the Ukrainian Conflict.

The Choices We Make

Death and disagreement are inevitable. Love and hate are choices. We will all die. Before we do, what choices will we make?

Elon Musk Speaks at Unite the Kingdom Rally

Tommy Robinson held rally, with Elon Musk appearing virtually, calling attention to leftist politicians who allow foreign immigrants to invade England.

Doxed Democrats Are Getting Fired Left and Left

Not a misprint because a title of “left and...

ABC Suspends Jimmy Kimmel: 5 Things to Know

ABC suspended Jimmy Kimmel indefinitely over remarks about Charlie Kirk’s assassination, following an FCC warning its head would act against the network.

Judge Rules Pro-Palestinian Activist Mahmoud Khalil Should Be Deported

A U.S. judge ordered pro-Palestinian activist and Columbia graduate Mahmoud Khalil deported after finding he omitted information on his green card application.

Charlie Kirk’s Widow, Erika, Named New CEO of Turning Point USA

Turning Point USA announced it named Erika Kirk as new CEO and board chair of Turning Point USA, which late husband, Charlie Kirk, co-founded.

Shares of Intel Increase 30 Percent on $5 Billion Nvidia Investment

Shares of Intel increased by about 30 percent at the opening bell after Nvidia announced a $5 billion investment in the struggling chipmaker on Sept. 18.

Trump, Starmer Seal Record $340 Billion ‘Tech Prosperity Deal’

President Trump and British PM Keir Starmer announced a new partnership worth $340 billion in technology, nuclear power, and private equity.

Rubio Says US Visa Revocations Underway After Charlie Kirk Death Celebrations

SoS Marco Rubio said foreign nationals who made celebratory comments over Charlie Kirk’s assassination will have their U.S. visas revoked.

Trump Supports Designating Antifa a Terrorist Organization

President Trump said he would support designating the antifa movement a terrorist organization in the wake of Charlie Kirk’s assassination last week.

US Conducts Strike on Another Drug Boat From Venezuela: Trump

Three people were killed in a U.S. strike on a Venezuelan drug boat, President Donald Trump announced on Sept. 15.
spot_img

Related Articles

Popular Categories

MAGA Business Central