Update on Elon Musk’s takeover of Twitter

Latest information: At the request of the Elon Musk camp, and with the approval of the judges in charge of the case, Twitter will be obliged to provide all the information to calculate the rate of fake accounts.

Facts:

A judge rules that Twitter must turn over hidden documents to the authorities.

  • According to estimates provided by Twitter Inc. in a Monday filing, the percentage of Twitter’s monetizable daily active users who were fake or spam accounts during the first trimester was less than 5%.
  • A rate that Elon Musk does not accept. He remains a very present user on the network and he seems to have a rather clear opinion on the subject since he considered that the lack of information was a legitimate reason to break the social network purchase contract.
  • In the first three months of 2018, the social media company offered advertisements to 229 million of its users.
  • The revelation came days after Tesla Inc. Chairman and CEO Elon Musk tweeted that one one of its objectives would be to eliminate “spam robots” of the network. Musk is finalizing a deal to buy Twitter for $44 billion.

Another Elon Musk poll

According to the results of a poll conducted by Tesla CEO Elon Musk, around 65% of his followers do not believe Twitter’s claim that less than 5% of daily users of the platform are fictitious accounts or spams.

Mr. Musk launched a poll on Twitter a few weeks ago to ask his 102.8 million subscribers whether or not they believe Twitter’s claim that less than 5% of daily users are fake accounts or spam accounts.

Musk is currently embroiled in a heated legal battle with Twitter over the cancellation of the buyout deal. $44 billion. While 35% of respondents said they believed Twitter was telling the truth, more than 65% of respondents said they did not believe it was and the number of fake accounts was significantly higher .

Tesla CEO says canceled deal can still be salvaged whether Twitter CEO Parag Agrawal can provide evidence the actual number of fake accounts that exist on the platform.

Musk tweeted that the deal should be maintained in its initial conditions if Twitter just provided their technique of sampling 100 accounts and how they are proven to be legit.

Twitter has revealed that it is suspending more one million spam accounts. The news comes as Elon Musk threatens to walk out of the deal to buy the company over concerns about fake users.

The social media site announced the new figure on Thursday, saying it’s a significant increase from its last update. In May, the company’s chief executive, Parag Agrawal, said the company was suspending 500,000 spam accounts every day.

Musk agreed to buy Twitter for $44 billion; nevertheless, its lawyers wrote to the company accusing it of refusing to provide sufficient information about the number of spam users on the service. She has since started feeding him data from publicly available tweets.

Since 2014, Twitter has consistently reported in its quarterly results that it estimates its spam accounts problem comprises less than 5% of its daily active users. This estimate has been consistent across all of Twitter’s quarterly results. The one million figure will include accounts that are deleted when the user attempts to register on the site and are therefore not counted as daily users. These accounts will be included in the total.

Twitter has just under 230 million users who actively use the platform every day. Mr Musk has expressed concern that the 5% amount is much higher, a position that appears to be a beachhead to cancel or renegotiate a deal that is limited by a strict legal framework. To address Mr. Musk’s concerns, Twitter gave him access to a data feed comprising more than 500 million tweets posted daily.

Spam accounts are automated, which means they are not managed by a human hand. These accounts are created to manipulate users or disrupt their interactions while using the platform. The executives said most of Twitter’s reports are related to pornography or virtual currencies.

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