Techweb reported on May 23 that Elon Musk, CEO of Tesla, has temporarily shelved the acquisition plan due to questioning the number of fake users on twitter. He recently hinted that the new purchase price would be determined by the number of real users on twitter. On Saturday, twitter user Ian miles Cheong tweeted about Musk's idea that he might reduce his bid for twitter. He wrote: "if 25% of Twitter users are robots, the transaction cost of acquiring twitter should also be reduced by 25%." Musk gave a positive reply.
When asked whether twitter revealed how many live active users the platform has, musk pointed out that the latter is still tight lipped. "They still refuse to explain how to calculate the number of false or spam accounts! It's very suspicious," he wrote
Musk also expressed doubts about whether Twitter is willing to solve the robot problems on the platform. He wrote on Twitter: "I'm worried that Twitter has no incentive to reduce false accounts, because it will reduce the number of daily active users in people's eyes."
Last week, musk announced that he would shelve his offer for twitter and said his cash offer for twitter was based on the company's filing with the securities and Exchange Commission (SEC), that is, the number of false or spam accounts on the platform was "accurate" enough.
Musk said that Twitter CEO Parag Agrawal publicly refused to provide evidence that the proportion of spam or false accounts was actually less than 5%. This prompted him to decide to shelve the deal until accurate details were available. Musk expects the number of fake accounts on Twitter to be "much higher".
In the first quarter of 2022, twitter reported that the number of monetized daily active users increased by 15.9% year-on-year to 229 million, including 39.6 million in the United States and 189.4 million in the international day.
If musk buys twitter for $44 billion, the transaction cost will be reduced by 25%, and the purchase price will be reduced to $33 billion, that is, the price per share will be reduced from $54.2 to $40.65. Twitter shares closed at $38.29 in New York on Friday local time. (small)