Twitter headquarters in San Francisco on Monday, April 25, 2022.
AP communication
Twitter CEO Parag Agrawal said Monday that after Elon Musk challenged Twitter’s analysis and said it would acquire it for $44 billion, to bolster confidence in the company’s estimates of how many automated accounts or “bots” exist on the platform. I tried. hold off because of it.
Meanwhile, Musk doesn’t seem to have any confidence in Agrawal at all.
Over the past year, the company has found that “about 5%” of all Twitter profiles belong to these spam accounts, Agrawal. said in a tweet. He also said, “External analysis would be impossible given the critical need to use both non-shareable public and private information.” Musk responded to one of Agrawal’s tweets with a poop emoji.
Musk threw the ongoing drama surrounding the Twitter takeover into fresh confusion on Friday. While conducting his own review of bot research, he revealed that bids for the company have been suspended. to Tweet, he highlighted the long-standing term in Twitter’s SEC documents that bots are less than 5% of users, which seems to be a sign that he doesn’t believe in the accuracy of the numbers. Musk later said he was “still committed” to the acquisition, while Twitter chairman Brett Taylor said the company was “committed to our agreement.”
Musk’s true intention to raise concerns about bots remains an open question. Is it an attempt to excuse the Twitter acquisition as an excuse? Or is it forcing Twitter to renegotiate the sale price amid a sell-off in tech stocks? Or is Musk simply enjoying the opportunity to be himself and troll the internet? Or it could be a mixture of all three.
His comments made Twitter shareholders even more anxious. Twitter fell 6.2% to $38.18 a share on Monday, a sharp drop from Musk’s offer of $54.20. (Primitively, the Nasdaq was down 0.7% on Monday.) There was an unusually high gap between Twitter’s share price and Musk’s offer. As the deal closes, there are usually some differences between the two, but not to this extent, and we continue to expand the show. How anxious investors are that Musk has completed the deal. Goodbye, Elon.
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