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Elon Musk responds with poop emoji after Twitter boss hits back over fake account concerns | business news

Twitter’s chief executive has hit back after Elon Musk put his deal to buy the platform “on hold” over concerns over fake user accounts.

Parag Agrawal said he had “confidence” in the company’s estimates that less than 5% of users are spam.

He said the company blocks more than half a million spam accounts every day and millions of suspected spam accounts are blocked every week for failing human verification challenges.

He said Twitter uses public and private data, such as IP address and geolocation, to verify accounts, with random samples being reviewed every few months.

“We gave Elon an overview of the estimation process a week ago and look forward to continuing the conversation with him and all of you,” he added in a series of posts on Twitter.

Musk tweeted on Friday that he had it temporarily paused its $44 billion Twitter acquisition until he received more “details” of support [the] Calculating that spam/fake accounts actually make up less than 5% of users”.

The Tesla boss later added, “Still committed to the acquisition.”

His comments sparked speculation that he might try to renegotiate the deal’s price or step down.

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Musk had said his team would conduct their own analysis and expressed doubts about the accuracy of the numbers Twitter reported in its recent financial filing.

However, Mr Agrawal said it was not possible for a third party to correctly estimate the figure because of “a critical need to use both public and private information (which we cannot share)”.

“Externally, it’s not even possible to know which accounts are counted as mDAUs [monetisable daily active users] any day,” he added.

Musk’s emoji response

Musk responded with a stinky poop emoji and said, “So how do advertisers know what they’re getting for their money?”

“This is fundamental to Twitter’s financial health.”

He gave a thumbs-up to a comment from researcher Andrea Stroppa, who said, “Parag, I’m surprised you say that outside researchers couldn’t assess bots. That is not true.

“When [a] As a researcher who has been working on these topics for ~9 years (I am the author of one of the first independent reports on Twitter bots), I can say that it is possible. By the way: Open your data.”

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Twitter shares fell below $38 and continued to fall after Mr Agrawal’s tweets.

They’ve lost all of their profits since Musk announced he’d acquired a 9% stake in the company.

Musk sparked further concern among investors over the weekend when he tweeted about problems with Twitter’s algorithm and other “potential bugs in the code.”

Elon Musk responds with poop emoji after Twitter boss hits back over fake account concerns | business news

Source link Elon Musk responds with poop emoji after Twitter boss hits back over fake account concerns | business news

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