In a brand new tweet fired at Twitter earlier than market open, Elon Musk has reiterated that his $44BN deal to purchase the social media platform is on maintain over the difficulty of spambots.
However now he’s tacitly accusing the corporate of mendacity over the proportion of pretend/spam accounts on the platform, claiming its CEO “publicly refused to point out proof of <5%”.
Musk has additionally set what seems like an outright ultimatum — writing: “This deal can’t transfer ahead till he does.”
He additional suggests the platform might have greater than 20% pretend/spam accounts, linking to a report on feedback he made in Miami on Monday saying he believes a fifth of Twitter accounts are pretend/spam bots.
The tweet appears to be like designed to pile but extra strain on Twitter’s administration which has already suffered the indignity of getting Musk tweet a poo emoji at CEO Parag Agrawal (see our earlier report) in very public dialogue concerning the spambot challenge, amongst different Musk-generated ‘noise’.
With this newest Twitter CEO-targeting tweet, the shitposting billionaire could also be participating in additional trollfaced bullyboy ways — by searching for to drum up extra unfavorable publicity (on Twitter) that’s meant to hammer Twitter’s inventory value — in a bid to pressure the corporate to simply accept a decrease provide, if solely to get him to close up.
Or, properly, he’s in search of a option to exit the deal totally.
On the time of writing Twitter’s share value was down an extra 2.75% pre-market. The inventory has slid in current weeks as Twitter grapples with Musk-shaped bumps within the street, from a excessive of round $50 on the time his provide was accepted to a low of round $37 now.
Let’s hope the mafia isn’t taking notes from Musk’s playbook on ‘the ability of a social media megaphone platform’.
It’s notable that the Tesla CEO waived his proper to do due diligence when he agreed to purchase Twitter final month — presumably to encourage Twitter to simply accept what he’d couched as his “finest and ultimate provide” after its board initially sought to evade the takeover. So whinging concerning the proportion of bots he’s shopping for now could be both stupidity or calculated stupidity.
Though his urging that Twitter open itself to “exterior validation” on the bot detection challenge might a minimum of endear him to the impartial analysis neighborhood.
Musk additionally agreed to a non-disparagement clause as a part of the deal to purchase Twitter. However apparently he doesn’t perceive what that phrase means. Or, else, he continues to behave as if binding authorized agreements merely don’t apply to him.
Twitter was contacted for touch upon Musk’s newest accusations. On the time of writing it had not responded however Bloomberg has simply tweeted that the corporate informed it it stays “dedicated to finishing the transaction on the agreed value and phrases as promptly as practicable”.