Twitter CEO Parag Agrawal hit back on Elon Musk on the platform after he put his acquisition on hold to inquire about the website’s percentage of spam users, which Agrawal claims are indeed below 5%.
Musk simply replied to Agrawal’s statement with a poop emoji, later reaffirming his claims. Analysts believe his push to find the exact data on spam accounts is to lower his bidding price, an idea that was confirmed earlier this week when Bloomberg business magazine reported on the fact that Musk opened the potentiality for a lower bid.
Agrawal stated he would defend the platform via facts and data. He added that Twitter bans some 500,000 accounts per day and locks millions more. He believes that the margin of computer error is well-within the spam estimates of 5%.
Late last week Musk stated that he was putting his deal to buy the company on hold until he could obtain information “supporting [the] calculation that spam/fake accounts do indeed represent less than 5% of users.”
He added later on however that he was still committed to the purchase, as is Twitter.
The stock market however may be another road-bump along the way. The price of a Twitter share has gone below $38, and slid further downwards after Agrawal’s tweets on Monday. Musk originally planned to purchase it at $54.20 as share, which may pose as an issue for the deal.
The takeover deal was not planned to go through for the next few months however, until October of 2022. Late last week following Musk’s decision Agrawal put out a number of tweets posing the very real possibility that the deal will not become reality.
“While I expect the deal to close, we need to be prepared for all scenarios and always do what’s right for Twitter.”
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