Billionaire Elon Musk said on Tuesday that his $ 44 billion bid to buy social networking site Twitter would not be finalized unless fictitious accounts accounted for five percent of the platform’s total accounts.
“My offer was believing that the Twitter recordings were correct. Yesterday, the chief executive of Twitter refused to reveal facts that under five percent of the accounts are fictitious. “This agreement cannot be finalized until he does so,” Musk said in a Twitter post.
After the suspension of the offer for a short period of time, Musk has said that he suspects that fictitious accounts on this social network make up 20 percent of the total users, compared to Twitter claims for five percent.
“You can not pay the same amount for something that is much worse than claimed,” he said at a summit in Miami on May 16.
Asked if the deal could be reached at another price, Musk told the conference he did not rule out anything.
“The more questions I ask, the more my worries increase.”
“They claim to have complex methodologies that only they understand. “It can not be so mysterious, more complex than the human soul and being or something like that.”
Twitter CEO Parag Agrawal said Monday that internal estimates for fictitious accounts in the last four quarters speak of such accounts below five percent.
However, he said that the reports could not be made public, as public and private information is needed to verify whether an account is fictitious.
Musk disagreed with this statement.
“Then how do advertisers know what they are getting in return for their money?” “This is essential for Twitter’s financial health,” he said.
Currently, Elon Musk is the richest man in the world, with a fortune of more than 269 billion dollars, according to Forbes magazine.
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