Tesla CEO Elon Musk gave the strongest indication on Monday that he would like to pay less than the $44 billion offer he made to Twitter last month. Musk told the Miami technology conference that a viable deal at a lower price would not be out of the question, according to a report by Bloomberg News, which said it was posted by a Twitter user who watched a livestream video of the conference.
Even at All in Summit musk According to the report, it is estimated that at least 20 percent of Twitter’s 229 million accounts are spambots, their percentage being at the bottom of their assessment. The appearance comes hours after Musk began trolling Twitter CEO Parag Agarwal, who posted a series of tweets explaining his company’s efforts to fight bots and how it consistently estimates that less than 5% of Twitter users The accounts are fake.
Overall, the day’s events bolstered analysts’ theories that Musk was either looking to pull out of the deal or ask for a lower price, largely due to the steep drop in the value of Tesla stock, some of which took to Twitter. Committed to finance the acquisition. Shares of Twitter closed down just 8 percent on Monday at $37.39, where Musk revealed that he was Twitter’s largest shareholder, the stock below that. On April 14, Musk offered to buy Twitter for $54.20 per share.
Read also: Twitter CEO Parag Agarwal Explains Spam bots On The Platform, And Elon Musk Isn’t Impressed
On Friday, Musk tweeted that his plans to buy Twitter were temporarily put on hold as he tried to pinpoint the number of fake accounts on the social media platform. Tesla And SpaceX The CEO said details of Twitter’s calculations were pending that fake accounts accounted for less than 5% of its users.
In a tweet on Monday, Agarwal acknowledged that Twitter is not good at catching spam. He wrote that the company estimated less than 5 percent spam every quarter. Our estimate is based on multiple human reviews of thousands of accounts that have been sampled randomly, consistently over time, Agarwal wrote.
He wrote that estimates for the past four quarters were less than 5%. The error margin on our estimates gives us confidence in our public statements each quarter. Musk, using his favorite platform, responded with a smiling emoji of poop, then asked how Twitter’s advertisers know what they’re getting for their money. Tesla shares closed down nearly 6 percent on Monday at $724.37. Musk has lost nearly a third of its value since the trading day prior to revealing his Twitter stake.
WATCH VIDEO: Elon Musk Buys Twitter: Here Are 4 Big Changes You Can Expect
https://www.youtube.com/watch?v=/j9MT1w1GCb0
Musk did not immediately return messages seeking comment. All in Summit said in an email that it would post a video of Musk’s appearance in the coming days.
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