Elon Musk suggests cutting Twitter offer by proportion of bots and calls its lack of explanation 'very suspicious'

Musk said the price should be cut by the proportion of fake accounts on the platform and called the estimates very suspicious.

If 25% of the users are bots then the acquisition deal should cost 25% less.

Musk replied that it was absolutely true.

Musk put his deal to buy Twitter on hold until the platform could prove that only 5% of users are actually humans.

He said the figure was likely to be four or five times higher.

The value of the offer would be reduced by 25%. The market value of the company is just under $30 billion. The stock price in New York was $38.29.

Musk questioned the lack of explanation over the 5% estimate, saying it had no incentive to tackle fake accounts.

Musk said that he was worried that there was a disincentive to reduce the number of users.

They still refuse to explain how they calculate that 5% of daily users are fake. Very suspicious.

Musk reminded investors of his priorities for his other companies after the latest rhetoric in the acquisition process.

Musk had previously suggested taking a sample of 100 users to determine the number of bots on the platform. He replied to the explanation given by the CEO about why this wasn't possible with a poop emoji.