Detroit (USA), May 17: Tesla CEO Elon Musk gave the strongest hint on Monday that he wants to pay less to Twitter than last month’s $ 44 billion offer.
Musk told a technology conference in Miami that he saw a live stream video of the conference posted by Twitter users, according to a Bloomberg News report that low-priced, feasible deals are not out of the question.
Elon Musk vs Parag Agarwal: Tesla CEO, Twitter CEO Spar on Twitter Over Fake User Accounts.
Also at the All-In Summit, Musk estimated that at least 20 percent of Twitter’s 229 million accounts were spambots.
It appeared hours after Musk started trolling Twitter CEO Parag Agrawal. He posted a series of tweets explaining his company’s efforts to fight bots and consistently estimating that less than 5% of Twitter accounts are fake.
Overall, the event of the day upheld analysts’ theory that Musk didn’t want to trade or wanted a lower price. This was primarily due to the significant decline in the value of Tesla shares, some of which promised to fund the acquisition of Twitter.
Twitter’s share closed on Monday at just over 8% at $ 37.39. This is below the stock price just before Musk announced that it was Twitter’s largest shareholder. Musk offered to buy Twitter for $ 54.20 per share on April 14.
On Friday, Musk tweeted that plans to buy Twitter were temporarily put on hold due to an attempt to identify the number of fake accounts on social media platforms. Tesla and SpaceX CEOs said Twitter’s calculation details that fake accounts are less than 5% of users are pending.
In a tweet on Monday, Agrawal admitted that Twitter wasn’t perfect for catching spam. He writes that quarterly, the company estimates less than 5% of spam.
“Our estimates are based on multiple human reviews of thousands of accounts that are consistently and randomly sampled over time,” Agrawal wrote.
He writes that estimates for the last four quarters were all well below 5%. “The margin of error in our estimates gives us confidence in our quarterly official statement.”
Using his favorite platform, Mask responded with a smiley emoji on the Pile of Poo emoji, asking how Twitter advertisers know what they’re getting with their money.
Tesla shares closed at $ 724.37 on Monday, down about 6%. They have lost about one-third of their value since the trading day before Musk went public on Twitter.
Mask did not immediately return a message asking for comment. The All-in-Summit said in an email that it would post a video of Mask’s appearance in the next few days.