The boss of Tesla would not be convinced by the data transmitted by Twitter about the number of fake accounts.
New twist in Elon Musk’s tumultuous attempt to buy the social network from the blue bird.
Elon Musk ticks on the number of fake accounts registered on Twitter
Last May, the bubbling boss of Tesla and SpaceX announced his intention to buy the little blue bird for an amount of 44 billion dollars.
Quickly, however, the businessman began to blow hot and cold. In particular, he expressed his concerns about the percentage of fake accounts and spam accounts on the platform, a data which, according to him, could call into question the entire financial operation.
Twitter quickly reacted to his statements and offered Elon Musk and his teams complete data on the number of fake accounts registered on the social network, in the form of a complete data feed. This included all of the registered accounts, but also the daily traffic of the platform.
Towards a cancellation of the sale?
While one would have thought that this information would be able to reassure Elon Musk, it is not so. the washington post indeed teaches us that the billionaire and his associates, including Larry Ellison, boss of Oracle, would have suspended their discussions about the financing of the operation and would seek to derail the purchase of the social network, or at least, to lower the cost.
Elon Musk would have indeed noted that the information from Twitter, according to which less than 5% of registered users are in fact bots, is unverifiable. He could therefore use this argument to withdraw, without paying the amount of 1 billion dollars to which the two parties have committed in the event of a rupture. He could even go further by forcing Twitter to pay him this amount.
If the Tesla founder wants to buy Twitter at all costs, he could use this argument to seriously lower the price. Its offer at $54.20 a share is also well above the stock’s current price (about $39 at the time of writing this article).
We are therefore not yet at the end of our surprises, even if the final outcome of this possible takeover should be known during the summer.
Source : TechCrunch
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