According to a Thursday report, Tesla CEO Elon Musk and SpaceX CEO John Musk’s $44billion deal to buy Twitter may be in serious danger.
According to people familiar with the matter, Musk’s team stopped discussing funding.
Musk’s team has been arguing with the social media platform about “spam bots”. The company threatened to end the agreement if it can’t prove that less than 5% are spam accounts.
Musk has claimed that Twitter has greatly underestimated the number “spam bots” it has allowed to use its service. According to multiple reports, Twitter granted Musk access to its “firehose”, which contains raw data about hundreds of millions of tweets per day. However, neither Musk nor the company confirmed this.
Twitter claimed it removes 1,000,000 spam accounts per day during a call with its executives on Thursday. This briefing was meant to provide more information about the company’s bot and fake accounts.
Twitter stated that spam accounts make up less than 5% of its active users each quarter. Private data is information that isn’t publicly available and therefore not in the “firehose” of data Musk was given. It includes IP addresses, phone numbers, and location. Twitter stated that such private data is used to avoid spam accounts being misidentified.
Musk’s team will take “drastic actions” after concluding that Twitter spam account figures are not verifiable. The Post reported.
Musk pulling out of the deal could lead to a huge legal battle.
FOX Business reached out to Musk but did not receive a response before publication.
The Twitter account of Dogecoin’s purported creator responded to a tweet about Twitter allegedly removing over 1 million spam accounts per day. Later that day, he wrote: “How many real accounts does it have each day i wonder?”