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More than 20% of Twitter is Spam/Fake Accounts: Elon Musk

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Aizaz khan
Aizaz khan
Aizaz was the first person to get a byline on his blog on technology from his home in Bannu in 2017. Then, he went on to a career in breaking things professionally at my electric sparks which is where he eventually took over the kit as a hardware editor. Today, as the senior editor of hardware for my electric sparks, he spends time reporting about the most recent developments in the hardware industry and technology. If he's not reporting on hardware or electronics, you'll see him trying to be as remote from the world of technology as possible through camping in the wild.

Last week, Twitter claimed that only 5% of the social network’s userbase is made up of spam/fake accounts, a major factor in determining Twitter’s value as a company. Tesla CEO Elon Musk responded to this claim by saying that his Twitter acquisition is currently on hold but he is still committed.

Musk has now shared another tweet that claims that more than 20% of Twitter’s userbase is made up of spam/fake accounts. This is 4 times higher than Twitter’s original claim and could actually be much higher than that.

Musk is now asking for proof that shows fake accounts are only 5% of the userbase.

This means that Musk could easily use this to leverage a much better deal than his original offer at $44 billion, but that remains to be seen. He is threatening to halt the acquisition deal until Twitter’s CEO actually clears the air regarding fake accounts.

On Monday he said that he could seek to pay a lower price for Twitter while talking about fake account concerns. He said that reducing his agreed $54.20 a share offer wouldn’t be “out of the question”, days after putting the $44 billion deal “on hold”.

Twitter has responded to the development saying that it is “committed to completing the transaction on the agreed price and terms”.

We’ll have to wait and see how the situation develops further, but it’s safe to assume that the acquisition will be a tumultuous one.

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