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More Delays In Elon Musk-Twitter Deal? Bot Accounts A Sticking Point

Elon Musk said on Tuesday that his Twitter takeover cannot proceed until the social media platform is able to prove that less than 5% of its users are bots.

Musk claimed that 20%, or even more of Twitter’s accounts are likely to be bots- far higher than the 5% posited by Twitter in a recent filing.

The Tesla CEO had temporarily paused the $44 billion deal with Twitter last week, citing concerns over the number of bot accounts. This comes after Musk was able to solicit over $27 billion in funding for the takeover.

Twitter deal on indefinite hold?

In a tweet on Tuesday, Musk further questioned the validity of Twitter’s 5% claim. He said that the takeover offer for the social media platform was made on the belief of Twitter’s SEC filings “being accurate.”

Musk also claimed that Twitter CEO Parag Agrawal had publicly refused to show him proof of the 5% claim.

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 17.05.2022

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