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Translated by MOS Translation Team – Beyond X

Elon Musk, the world’s richest man, might try to renegotiate the deal of bidding and privatizing Twitter. After questioning Twitter’s claim that the fake accounts represent fewer than 5% of users is not true, Musk tweeted again early this morning on May 17, saying that the $44 billion acquisition won’t move forward unless Twitter CEO Parag Agrawal discloses the actual figures.

Twitter provided data to the U.S. Securities and Exchange Commission at the beginning of the month, stating that only fewer than 5% of profitable accounts are bots or fake users, which was repeatedly questioned by Musk. He believes that there are at least 20% or more fake accounts on Twitter now. He asked Agrawal to publicly conduct random test to show prove of 5%, but it was refused last night.

In fact, Musk said Twitter deal was on hold last Friday on May 13 on the grounds of the number of fake accounts, which caused Twitter shares to fall sharply. Yesterday, he also leaked that he would lower the acquisition price per share due to the current market condition. The outsiders suspect that the specious operation of the “Tesla godfather” is to pave the way for his exit from the deal.

Reference link:  https://gnewsapp.com/post/p2550134/ 

Proofread /Edited by: Summerfire

Posted by: Summerfire

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