Elon Musk hints at buying Twitter at a lower priceMay 17, 2022 17:10
Elon Musk hints at buying Twitter at a lower price:- Tesla CEO Elon Musk offered to purchase the social networking platform Twitter. Elon Musk told that he may renegotiate for Twitter Inc and hinted of a lower quote. The shares of Twitter fell by 8.2 percent at the close of the trading in New York after which Elon Musk expressed the same. The stocks dropped after there are speculations that Elon Musk may walk out of the 44 billion USD deal. Last week, Elon Musk questioned about the publicly disclosed data of Twitter about the fake accounts and the percentage of spam. During his speech at the Miami Tech Conference, Elon Musk said that there are 20 percent fake accounts on Twitter.
Twitter declined to comment on the statements of Elon Musk. Twitter recently announced that the spam accounts are less than 5 percent of the total users. Elon Musk said that his bid to buy Twitter is temporarily kept on hold. He wanted to do a detailed analysis on the user base by testing 100 random user accounts. Twitter's legal team responded that Elon Musk violated their non-disclosure agreement as Elon Musk shared the methodology of the company. Twitter CEO Parag Agarwal told that Twitter offered more details about their approach to the spam accounts. He said that Twitter checks thousands of accounts manually every quarter to count the spam accounts.