Tesla CEO Elon Musk has threatened to cancel the deal to buy Twitter shares entirely due to fake accounts and spam issues.
The richest person in the world according to Forbes’ version of the platform is not open about the number of fake accounts and spam.
Elon Musk wrote to Twitter, via the Chief Legal Officer, asking for more information on how many real accounts are on the platform.
Twitter later offered to provide more detailed information about its testing methodology, either in writing or by speaking directly to Elon Musk.
Twitter executives explained in a briefing to reporters on July 8, 2022, Twitter refuted claims that about 20 percent of all Twitter accounts are fake or spam.
Elon Musk has repeatedly warned Twitter about fake accounts and spam.
It comes as billionaire Elon Musk has threatened to stop a deal to buy Twitter unless the company shows evidence that spam bots account for less than 5 percent of the social media service’s total users.
One method of preventing spam and fraudulent accounts on Twitter, according to Musk, is to authenticate all real humans by providing users with a verification check mark.
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Elon Musk Wants to Cancel Deal to Buy Twitter, Lots of Fake Accounts
Elon Musk was dissatisfied with Twitter’s response and threatened to completely cancel the deal with Twitter.
He considers that this social media has more fake accounts and spam than the company publicly acknowledges.
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The world’s richest man also postponed his bid to acquire Twitter for US$ 44 billion, or around Rp. 638 trillion.
He plans to take over this social media since May 2022.
In its quarterly financial report released on April 28.
Twitter estimated that fake or spam accounts were less than 5% during the first three months of the year.
Twitter executives said the company manually reviews thousands of accounts every quarter to determine the 5 percent figure.
Estimates that the actual number of spam accounts.
Is well below what is disclosed in disclosure documents.
The company also uses internal data to confirm bot numbers.
Including things like IP addresses or phone numbers.
To determine if an account is run by a human.
Two research groups, SparkToro and Followerwonk.
Revealed that 73% of Elon Musk’s 93 million Twitter followers are fake or spam accounts.
SparkToro and Followerwonk consider that most spam accounts are at risk of spreading propaganda and disinformation. Fake accounts also encourage phishing or malware attempts.