Democrats are terrified that Twitter could soon be in Elon Musk’s clutches.
They expected to maintain monopoly control of the platform forever.
But Musk put his Twitter deal on hold after stumbling onto one jaw-dropping problem.
Elon Musk played a masterful game of chess and cornered Twitter’s board into agreeing to a godfather offer to sell the company.
Musk offered a premium for the company at $54.20 per share, totaling $44 billion.
He believes Twitter can be a moneymaking endeavor even though it has not been thus far and wants to take the company private in order to make it a free speech platform again.
But Musk recently announced that the deal was “on hold” because of a problem he says he discovered in the company: fake “bot” accounts.
Musk explained that the deal was “temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.”
Musk believes that there could be far more spam/fake accounts than Twitter is letting on.
The Wall Street Journal reported that “Twitter and the companies behind rival platforms such as Facebook and YouTube have spent years trying to stamp them out. The companies have expanded content-moderation teams and used artificial intelligence, but many describe spam and fake accounts as a whack-a-mole problem since bad actors are constantly updating their methods. Mr. Musk—in challenging Twitter’s calculations on spam and fake accounts—provided no evidence that the company’s disclosures on the matter have been unreliable…Mr. Musk later added that he remains committed to the acquisition.”
In a lengthy Twitter thread, CEO Parag Agrawal defended the company’s 5% spam/fake estimation, and said there was no way of verifying with more precision, writing:
“Unfortunately, we don’t believe that this specific estimation can be performed externally, given the critical need to use both public and private information (which we can’t share). Externally, it’s not even possible to know which accounts are counted as [monetizable daily active users] on any given day.”
Musk cheekily responded with a poop emoji, then asked, “So how do advertisers know what they’re getting for their money? This is fundamental to the financial health of Twitter.”
Musk still seems on board with the deal to buy Twitter, but he is checking under the hood and seeing problems that he does not like.
Meanwhile, leftists are praying that Musk pulls out and the deal falls apart.
They want to keep their propaganda machine intact.
Stay tuned to Unmuzzled News for any updates to this ongoing story.