Musk hints at price cut for Twitter buy

Elon Musk has suggested that he could seek a lower price for Twitter Inc.

Musk said there could be at least four times more fake accounts than what the company has said.

Musk suspects that spam accounts make up at least 20% of users, a far cry from Twitter’s estimates of 5%.

Musk, on Friday, pegged his $44 billion deal to buy Twitter pending information on spam accounts.

“The more questions I ask, the more my concerns grow,” Musk said at the All-In Summit 2022 conference.

Earlier, Twitter Chief Executive Officer Parag Agrawal, had tweeted that internal estimates of spam accounts on the social media platform for the last four quarters were “well under 5%.”

Musk responded to Agrawal’s defense of the company’s methodology with a poop emoji.

Musk has called for tests of random samples of Twitter users to identify bots. He also said, “there is some chance it might be over 90% of daily active users.”

Independent researchers have estimated that anywhere from 9% to 15% of the millions of Twitter profiles are bots.