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Some analysts have accused Elon Musk of deliberately delaying the acquisition of Twitter in order to get an offer lower than the $44 billion agreed at the start.
"Our view is that when Musk commits to the deal, the massive pressure on Tesla stock since the deal changed the stock/risk market [over] last month, and a number of other financing factors have caused Musk to go cold feet," Wedbush's Dan Ives said in a statement. a note to investors.
"On Twitter dealing with bots is not a new issue and is more likely a scapegoat to push prices lower," he continued.
At the All-In Summit conference that took place in Miami, USA, Musk said a lower price deal was not impossible, Bloomberg reports.
In a conference that took place last Monday local time, Musk emphasized further about fake accounts and bots. He estimates that at least 20% of all Twitter accounts are bots and fake accounts. He confirmed the statement in a tweet on his Twitter account.
"20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher. My offer is based on the accuracy of Twitter's SEC filings. Yesterday, Twitter CEO publicly refused to show evidence of <5%. This deal cannot move forward until he does," wrote the world's richest man.
Twitter has not yet responded to Musk's recent comments.
20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.
My offer was based on Twitter's SEC filings being accurate.
Yesterday, Twitter's CEO publicly refused to show proof of <5%.
This deal cannot move forward until he does.
— Elon Musk (@elonmusk) May 17, 2022
Over the weekend, Musk announced that his Twitter purchase was "temporarily on hold" due to concerns that the number of bots on the platform was much higher than the company had anticipated. The billionaire tweeted that his team would do an independent analysis on the number of bots and also try to crowdsource bot estimates from his own followers.
Musk was later reprimanded by Twitter's legal team for disclosing the company's methodology for estimating the proportion of bot accounts across platforms.
A day later, Twitter CEO Parag Agrawal explained in a series of tweets that the bot's external estimates were likely wrong, as the platform included personal data in its calculations.
"Unfortunately, we do not believe that this particular estimate can be made externally, given the critical need to use public and private information (which we cannot share)," Agrawal tweeted.
Musk responded to Agrawal's explanation with a series of tweets that included a single poop emoji. Musk also suggested that Twitter verify whether a user is a human or not by calling them on the phone.