Less than five percent of users on the platform are bots, as demanded by Musk, and he is doubling down on his demands.
He said that his attempts to buy the social media platform could not move forward.
Let's be honest. It doesn't take much reading between the lines to see that Musk is looking for a way out of spending $44 billion on a questionable purchase.
It is possible that it is a thinly veiled attempt to crash the stock of the company and close the deal at a lower price point.
The billionaire CEO has already ruined any remaining good will, making future negotiations far messier than they could have been.
Musk replied with a poop symbol to the explanation of why it is impossible to determine the exact proportion of fake users.
Musk is accused of violating the nondisclosure agreement he signed with the company.
The legal department of the social network called Musk to complain that he violated their non-disclosure agreement by revealing the sample size of the bot.
It's clear that Musk'sTwitter deal is quickly turning into a convoluted and messy affair, full of bitter feuds and finger pointing.
His latest attempt to perform dubious, back-of-the-envelope calculations have added to the confusion.
It's worth asking why Musk questioned the validity of the claims only now. Is the option of Musk buying the company at a lower price now that he's against the board?
Since Musk revealed his plans to fund the takeover, the stock of the company has tanked.
Maybe Musk will be able to stop the deal from happening, but maybe he wants it to. The situation is not looking good right now. The billionaire's groveling kicked off the descent of the stock.
Even if the deal goes through, it will be worse for the company than it was before Musk announced his bid.
It's a lose-lose situation, and Musk could be desperate to find a way out.
It's a big deal if you prove that the bot is not a big deal.
Experts say that Musk doesn't know how math works.
All Rights Reserved © 2024
