At the end of last week, Elon Musk announced the suspension of his takeover bid for Twitter for 44 billion dollars while waiting to obtain more information on the fake accounts present on the platform.
Indeed, Twitter estimates that fake and spam accounts accounted for less than 5% of its monetizable daily active users during the first quarter. But the billionaire suspended its offerindicating that he wanted more information on the calculation made by the company, in order to ensure that the proportion of fake accounts present on the platform is well below 5% of the total number of users.
Before recalling that he was ” always engaged in the acquisition “.
New Directions
As Elon Musk suspended his takeover bid, the company announced the departure of two of its key executives: Kayvon Beykpour, chief executive, and Bruce Falck, chief revenue and product officer.
Kayvon Beykpour, CEO of Twitter, announced last Thursday his departure after seven years in the business. He revealed CEO Parag Agrawal ‘asked him to leave’ after he ‘let him know he wanted to steer the team in a different direction’. “I think and hope that Twitter still has a bright future ahead of it. […] With the right support and management, its impact will only grow,” he added.
Bruce Falck, Twitter’s chief revenue and product officer, was also fired. He also expressed on Twitterwhere he thanked his former colleagues and expressed his “impatience” to see what the company would build.
Elon Musk vs. Twitter
In the face of attacks calling him a “lame CEO” and questioning the reasons for these changes, Parag Agrawal published a series of tweets.
“While I expect the deal to go through, we need to be prepared for all scenarios and always do what’s right for Twitter. I am responsible for the direction and operation of Twitter, and our job is to build a stronger Twitter every day. “Regardless of future company ownership, we’re here to make Twitter better as a product and a business for customers, partners, shareholders and all of you. »
For his part, Elon Musk alerted his followers Sunday that “Twitter’s legal department just called to complain that I violated their NDA by disclosing that the bot verification sample size is 100!” It really happened”. The billionaire went on to explain how his team would assess the estimate, compiling a “random sample of 100 followers” before inviting others “to repeat the same process and see what they discover”.
Source: ZDNet.com