News on May 23, due to questioning the number of fake users on Twitter,Tesla CEO Elon Musk has temporarily shelved acquisition plans. He recently hinted that,The new purchase price will be based on the number of real users on Twitter.
On Saturday, US local time, Twitter user Ian Miles Cheong tweeted about Musk’s idea that he might lower his bid for Twitter, writing: “If 25% of Twitter users are bots, then the deal to buy Twitter The cost should also be reduced by 25%.” Musk replied in the affirmative.
When asked if Twitter had revealed how many real people active users the platform has, Musk noted that the latter remains tight-lipped. “They still refuse to explain how the number of fake or spam accounts is counted! Very suspicious,” he wrote.
MuskAlso cast doubt on Twitter’s willingness to address bots that exist on the platformhe tweeted: “I’m concerned that Twitter has no incentive to reduce fake accounts, because that would reduce the number of daily active users in the eyes of people.”
Last week, Musk announced that he was shelving his takeover bid for Twitter, saying his cash offer for Twitter was based on the company’s filings with the U.S. Securities and Exchange Commission (SEC), which are false claims on the platform. Or the number of spam accounts is “accurate” enough.
Musk said Twitter CEO Parag AgrawalPublic refusal to give evidence, proving that the percentage of spam or fake accounts is actually less than 5%. That prompted his decision to put the deal on hold until accurate details were available. Musk predicts thatNumber of fake accounts on Twitter will be ‘much higher’.
In the first quarter of 2022,Twitter reports that its number of monetizable daily active users rose 15.9% year over year to 229 millionincluding 39.6 million daily active users in the United States and 189.4 million daily active users in the international arena.
If Musk’s $44 billion acquisition of Twitter’s transaction costs were reduced by 25%,Acquisition price will drop to $33 billion, that is, the price per share will fall from $54.2 to $40.65. On Friday, U.S. local time, Twitter shares closed at $38.29 in New York.
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