Markets have been skeptical about whether Elon Musk will actually complete the buyout of Twitter. And late last week, the world’s richest person added to the skepticism by saying that his US$44 billion deal to buy the platform would be paused to essentially see how many fake users Twitter has.
He tweeted that, even though he is still committed to the acquisition, he wanted to wait for “supporting calculation that spam/fake accounts do indeed represent less than 5% of users." Analysts are saying he is using this as an opportunity to renegotiate the price.
Then he tweeted the next day, “The bots are angry at being counted 🤣.” And after that, he wrote that he and his team would check whether 100 random users on the platform were, in fact, real. Why 100? Because apparently, that’s the sample size Twitter uses.
He was then called by the Twitter legal team, who said that he wasn’t meant to tell the world about its sample size and that he violated his NDA. He tweeted about that as well.
This is where we’re at currently. Stay tuned for the next chapter of this tale.