Last week, a bombshell dropped regarding the Twitter deal made with Elon Musk.
Musk announced that the deal was on hold pending an audit of Twitter accounts to ensure there were less than five percent fake/spam accounts on the platform.
On Monday, Twitter CEO Parag Agrawal seemed to balk at the request, and Elon Musk had a rather unique response.
Agrawal announced that it is unlikely that Twitter will make the information public.
He offered a long-winded excuse…
There are LOTS of details that are very important underneath this high-level description. We shared an overview of the estimation process with Elon a week ago and look forward to continuing the conversation with him, and all of you.
— Parag Agrawal (@paraga) May 16, 2022
Musk, who cannot make his business model work if the site is saturated with fake accounts, offered a rather blunt reply…
So how do advertisers know what they’re getting for their money? This is fundamental to the financial health of Twitter.
— Elon Musk (@elonmusk) May 16, 2022
When Musk made his initial request, Trump predicted that the sale would not go through, and I am leaning in that direction as well.
I believe there are far more than five percent fake accounts and Twitter does not want to expose that.
I actually believe both parties want to get away from this deal for their own reasons.
Twitter does not want its censorship algorithms and fake bots exposed.
On the other hand, Musk knows his initial offer was probably a bit too much and will never work if there is, in fact, an overabundance of fake accounts, as he alluded to in his tweet.
I am not saying this deal is dead just yet, but it is undoubtedly taking on water and the lifeboats are just about filled up.
Source: Fox Business