Elon Musk puts Twitter deal 'on hold' due to fake accounts report | Mashable.
Elon Musk puts Twitter deal 'on hold' due to fake accounts report
That $44 billion Twitter buyout by Elon Musk? It just became a lot less certain.
On Friday, Musk tweeted that the deal has been put "on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users."
That calculation comes from Twitter itself, which made the estimate in a SEC filing, dated May 2 (via Reuters).
From the filing: "We have performed an internal review of a sample of accounts and estimate that the average of false or spam accounts during the first quarter of 2022 represented fewer than 5% of our mDAU during the quarter. The false or spam accounts for a period represents the average of false or spam accounts in the samples during each monthly analysis period during the quarter. In making this determination, we applied significant judgment, so our estimation of false or spam accounts may not accurately represent the actual number of such accounts, and the actual number of false or spam accounts could be higher than we have estimated."
Twitter also said it has made improvements in its spam detection capabilities, resulting in "suspension of a large number of spam, malicious automation, and fake accounts."
We intend to continue to make such improvements," the company said.
Spam accounts have been a thorn in Musk's side for a while, and are one thing the potential new Twitter owner has pledged to eradicate from the platform. He also plans to dramatically increase revenue from subscriptions, as well as vastly increase the number of users in the next couple of years.
Musk did not offer any further details, but the wording of his tweet implies that he doesn't believe Twitter's estimation that only 5% of users are spambots.
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Welcome my friends to the show that never ends.
ReplyDeleteHe was never going to buy it - as if someone just now discovered there are fake accounts.
ReplyDeleteIt seems to me that someone as 'smart' as him should have done this research before offering to buy the company, let alone announce it publicly.
Delete❤️❤️❤️
ReplyDeleteGetting weirder every day. Trump-Bot 2.000 is coming along quite nicely I see.🤖
ReplyDeleteI see a stock hustle here. He probably bought stock, announced he was going to buy the company, stock went up and he sold off. SCC should investigate.
ReplyDeleteThey are filtering messages about Twitter on FB
ReplyDeleteFound an escape hatch, Musk?
ReplyDeletei think it's more likely he just lost a heap of crypto...
ReplyDeleteThere are millions of fake accounts! LOL! Twitter is going to take a nose dive! SELL! SELL! SELL!
ReplyDeleteLost too much DohRayMi in Bitcoin dip, maybe?
ReplyDeleteSure, It has NOTHING to do with the character investigation from the SEC
ReplyDeleteThis how he gets Twitter for well under the 44 million
ReplyDeleteMeanwhile Facebook..
ReplyDeletehttps://giphy.com/gifs/movie-superbad-l41K5zlRcbPAwALQc
he is mad ---- twitter claims only 5% of all accounts are bots ----- yet more than 50% of Musk followers are bots ........ like more than half the trump followers were bots
ReplyDeletehttps://www.ndtv.com/world-news/more-than-half-of-elon-musks-twitter-followers-are-fake-claims-online-tool-2939561
https://www.mediaite.com/news/up-to-57-million-trump-twitter-followers-are-fake-or-inactive-expert-tells-mediaite/
Delete“45 WASN’T a popular president, he was a ‘populist’ scumbag.”
ReplyDeletedidn't see that coming, said nobody ever.
ReplyDeleteThis is all to throw us all off the scent of his dodgy space launches 🚀.
ReplyDeleteNo way it is less than 5%
ReplyDeleteNo interest Bird tweet
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ReplyDeleteaka due to a lack of cash.
ReplyDeleteTwitter news feeds are the same 20 big brands tweeting about Elon Musk all day. Unpaid tweets are invisible, only to be discovered days later. Google news feeds and Twitter news feeds are the same exact articles. Indie Community news blogs and investigative reports are concealed.
ReplyDeleteThat trainwreck is so ginormous even Tesla's autopilot could have avoided it!
ReplyDeletehttps://tenor.com/view/give-me-a-break-right-whatever-if-you-say-so-the-office-gif-17627544
ReplyDeleteElon put the deal on hold? The deal was on hold yesterday for Elon Musk’s failure to report . Does Musk own Mashable?
ReplyDeleteTwitter should have seen this coming.
ReplyDeleteOh really??? Haha!
ReplyDeletelol. I guess "on hold" is Muskspeak for "dead"
ReplyDeleteWaking up late.. 🥱
ReplyDeleteThe weaseling begins...
ReplyDeleteTwitter basically said the number could be higher! In other words … it is!!
ReplyDeleteUh Oh #Bots
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ReplyDeleteEven the rich have buyers remorse.
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ReplyDeleteSome good news?
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ReplyDelete