Reply to Elon Musk buys $3 billion stake (9.2%) in Twitter and is now the platform's largest shareholder

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]“Temporarily on hold” as Elon discovers Twitter might have spam accounts  :oops:  :oops:  :oops:  :lol:  :lol:  :lol:  :lol:  :lol:  :lol:  :roll:

https://www.axios.com/2022/05/13/elon-musk-says-twitter-deal-temporarily-on-hold[/quote]

More like as Musk finds out he might have been wrong about Twitter being flooded with spam bot accounts.  Part of his grand plan for revolutionizing Twitter was premised on the notion of getting rid of all of the bot accounts, so finding out that less than 5% of accounts are bot account threw a wrench in that.[/quote]

Sure Jan. [/quote]

Go read the articles.  Musk has repeatedly stated that part of his planning for improving Twitter was to get rid of the bot accounts that he believed were flooding Twitter and degrading the experience.  It was in his investor presentation.  Twitter recently made a filing that stated that bot accounts make up less than 5% of it accounts, which is a problem for Musk because that’s a pretty low level of bot accounts so there’s not a lot of room for improvement there.  So now Musk is pausing the deal while he gets the underlying data.  There is plenty of speculation, though, that this is just an excuse by Musk to try to get out of a deal he’s regretting.[/quote]

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