Elon Musk posts poo emoji after Twitter CEO touts bot management

Elon Musk responded with a poo emoji after Twitter’s chief executive insisted the social media platform was doing everything in its power to weed out spam and bot accounts.

Just days after the Tesla boss said the problem forced him to put his $44 billion site acquisition “pending”, Parag Agrawal, CEO of Twitter defended the management of his company spam and bots and denied claims that Twitter was not doing enough to purge bot accounts.

He tweeted on Monday that spam “harms the experience of real people on Twitter” and that the company has a “strong incentive to detect and remove as much spam as possible, every day.”

“Anyone who suggests otherwise is simply wrong,” Agrawal tweeted.

Musk didn’t seem impressed, tweeting a poo emoji in response. He then commented, “So how do advertisers know what they’re getting for their money? This is fundamental to the financial health of Twitter.

Last week, Musk claimed there was “some chance” that the actual number of fake accounts on Twitter “could be over 90% of daily active users”.

Agrawal said operators of spam and bot accounts are becoming more sophisticated, making it harder for Twitter to identify and eliminate them.

Nonetheless, Agrawal claims that less than 5% of all of Twitter’s “monetizable daily active users” — or mDAUs — are spammers.

Agrawal declined to reveal how the company obtained the data, although he said: “We shared an overview of the estimation process with Elon a week ago and we look forward to continuing the conversation with him and you. all.”

Over the weekend, Musk tweeted that Twitter’s legal team accused him of breaching a nondisclosure agreement revealing that the sample size for the social media platform’s checks on automated users was only 100 accounts.

Parag Agrawal
Agrawal defended his company’s handling of bots and spam accounts, saying Twitter was working hard to purge them from the site.
PA

“Twitter’s legal department just called to complain they violated their NDA by disclosing that the bot verification sample size is 100!” tweeted the Tesla CEO. “It actually happened.”

Shares of Twitter were trading down around 6.5% on Monday. Shares of Twitter were selling on Wall Street for just over $38 a share, well below the $54.20 offered by Musk to buy out the company’s shareholders and take the company private.

Analysts like Wedbush’s Dan Ives believe Musk’s keynote on the bot issue is a pretense to get the company to agree to sell itself at a discount.

Twitter Elon Musk
Musk has suspended his $44 billion acquisition of Twitter pending a review of Twitter’s bot and spam policies.
Reuters

Ives said several factors, including stock market developments as well as funding issues, “caused Musk to get cold feet” and that blocking “bots” is “probably more of a scapegoat to bring down the price. “

Twitter’s board knows that no one will come close to making a similar offer within reach, and that Musk, whose electric car maker Tesla has lost $300 billion in market capitalization since announcing the agreement last month, is fully aware of this.

“The elephant in the room for the Twitter chart is that Musk can walk away for $1 billion as a small break-up fee (for Musk-all parent) and probably cite the bot/fake account issue as the reason, although that would likely be challenged by Twitter in court,” according to Ives.

Twitter shares Wall Street
Twitter shares were trading up more than 6% on Monday.
APE

“If a revised deal is reached by Musk and Twitter, it will likely be at a lower price once negotiations take over and due diligence takes place around Twitter DAU and algorithm hot button issues.”

Twitter has been thrown into turmoil since the company’s board announced last month that it had accepted Musk’s $44 billion takeover offer.

Agrawal on Thursday fired two top executives after telling employees the company had failed to meet its growth and revenue targets.


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