Elon Musk suggests reducing Twitter’s supply based on the number of bots

Elon Musk suggested Saturday that its deal to buy Twitter for $44 billion and make it private should be reduced in proportion to the number of bots on the platform.

Musk tweeted “Absolutely” in response to Ian Miles Cheong, who tweeted, “If 25% of users are bots, Twitter acquisition deal should cost 25% less.”

The Tesla CEO also expressed skepticism about Twitter’s willingness to combat the presence of bots on its platform, tweeting, “I’m concerned that Twitter has a chilling effect on reducing spam because it reduces perceived daily users”.

“They still refuse to explain how they calculate that 5% of daily users are fake/spam! Very suspicious,” he added in a separate tweet.

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Last week, Musk set transparency on the number of fake or spam accounts as a key condition for his pending $44 billion purchase of Twitter to go through.

Musk tweeted, “20% fake/spam accounts, when 4 times what Twitter claims, could be *much* higher. My offer was based on the accuracy of Twitter’s SEC filings.

Elon Musk’s Tweet displayed on a screen and the Twitter logo. The Tesla CEO has slammed Twitter while trying to increase his influence on the social media platform. (Jakub Porzycki/NurPhoto via Getty Images/Getty Images)

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Musk said Twitter CEO Parag Agrawal publicly refused to provide proof that less than 5% of users were bots, leading Musk to say the deal “can’t move forward until it’s done.” won’t”.

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If Musk pulls out of the deal, he will have to pay Twitter a $1 billion termination fee and could be subject to additional litigation, according to Teslarati.

Tesla CEO Elon Musk arrives for the Axel Springer Media Prize, in Berlin

In this Dec. 1, 2020, file photo, SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Media Prize, in Berlin. (Hannibal Hanschke/Pool Photo via AP, File) (AP Newsroom)

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In Q1 2022, Twitter’s monetizable daily active user base grew 15.9% year-over-year to 229 million, including 39.6 million daily active users in the US and 189.4 million international daily active users.

Fox News’ Timothy Nerozzi contributed to this report.

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