The promise to buy Twitter by the CEO of the company Tesla and SpaceX was a stir in the business and digital world. On April 14, the billionaire businessman offered a large amount of money for the shares of the renowned social network. Weeks have passed since that juicy initial offer and apparently Elon Musk leaves doubts and concerns that have made him think that there will no longer be a acquisition.
Musk has decided that “the agreement cannot move forward” until the number of fake and spam accounts on the platform is cleared up. Those responsible for the social network of the blue bird made it known to the richest man in the world through studies that this type of account reaches approximately 5% of active users, a figure that does not convince Musk. Since with this difficulty he runs the risk of not raising his advertising revenue in addition to the impossibility of subscriptions to paid services on Twitter.
Rumor has it that Musk’s strategy is to lower the initial offer
To date, due to the attitudes of the South African tycoon, Twitter shares in the stock market have been negatively affected and have reduced their value to up to 54 dollars per Unit.
Expert voices such as Susannah Streeter, an analyst at Hargreaves Lansdown told the Reuters agency, have expressed different opinions about what is happening in this negotiation. On the one hand, it is rumored that this it is a ruse by Musk to reduce the pretensions of his initial offer for 44,000 million dollars, exposing the flaws that Twitter may have at the time.
On the other hand, the real thing is that despite being the richest man in the world, he has decided to rely on shares in Tesla to support the purchase of the social network.
Fake accounts and bots
Twitter, like all other popular social networks, has 100% real users, but also accounts with secondary profiles of anonymous people with dark intentions or better known as spam accounts, There are also many bot accounts, since these are allowed in the blue bird’s social network, they are even marked as bots because some are positive, an example is the @tinycarebot bot, a bot that tweets as a reminder about the personal care.
20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.
My offer was based on Twitter’s SEC filings being accurate.
Yesterday, Twitter’s CEO publicly refused to show proof of <5%.
This deal cannot move forward until he does.
— Elon Musk (@elonmusk) May 17, 2022
According to the latest report by Twitter “the average number of fake or spam accounts during the first quarter of 2022 represented less than 5% of our active users”
Why does Elon Musk want a social network?
Well, the love that the CEO of Tesla and SpaceX has for Twitter is undeniable, to the point that he has made it one of his main communication channels when passing out communications of their companies.
However, for him it is not entirely perfect, since one of his premises is to turn the social network into a “bastion of freedom of expression”, how I would? Eliminating or better said modifying that shield of restrictions called: “content moderation”.
What can happen once this happens? Initially, the return of those accounts deleted or sanctioned for breaking the Twitter regulations, for example, could return the former president of the United States Donald Trump, who was blocked by Twitter when he incited his followers to take over the US Capitol. </ Span>
Something certain is that we do not know how far this freedom of expression will go for the opponents of the South African, such as some unions.
Is there an acquisition or not?
While waiting for how this business develops, rumors are heard from Internet users that the purchase will not take place, because Musk was already informed about the percentage of accounts false and this seems like a strategy to leave the business.