This morning Elon Musk tweeted that his purchase of Twitter cannot move forward until the company fesses up about how many spam accounts actually exist.
Musk says he made his offer based on what he thought was accurate information in the SEC filing:
20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.
My offer was based on Twitter’s SEC filings being accurate.
Yesterday, Twitter’s CEO publicly refused to show proof of <5%.
This deal cannot move forward until he does.
— Elon Musk (@elonmusk) May 17, 2022
The number of spam accounts has become a big issue in recent days, with Musk calling for Twitter to tell everyone just how many spam accounts they have on a daily basis.
Yesterday Twitter’s current CEO Parag Agrawal claimed that Twitter cannot publicly release information on the number spam accounts and that the metric can’t be done externally.
To which Elon Musk responded with a poo icon:
💩
— Elon Musk (@elonmusk) May 16, 2022
I hope this isn’t a way for Twitter to keep Musk from buying the company. He most certainly has a right to know how many spam accounts exist and how that affects the purchase price, which sounds like it would be lower if there’s a higher percentage of accounts than what Twitter has claimed.
Hopefully this issue resolves itself and he’ll become the new owner soon.