Elon Musk Reacts To Former CIA Security Expert’s Twitter Bots Estimate: ‘…This Deal Is Awesome’
Tesla IncTSLA CEOElon Musktook a dig atTwitter IncTWTR on Thursday while reacting to a security experts estimate of the spam accounts present on the microblogging site.
What Happened:Musk shared a report from The Australian newspaper that featured formerCentral Intelligence AgencyandFederal Bureau Of Investigationcybersecurity expert,Dan Woods,who has estimated that 80% of Twitter accounts are fake.
On a $/bot basis, this deal is awesome Elon Musk (@elonmusk) September 1, 2022
Musk said in his Tweet, Sure sounds higher than 5%!"joking thatthat on a dollar-per-bot basis this deal is awesome.
See Also: How To Buy Tesla (TSLA) Stock
Why It Matters:In May, Twitter CEOParag Agrawalsaid his company estimated that bots accounted for well under 5% of accounts in the preceding four quarters.
Woods said that both Musk and Twitter underestimated the bot issue on theJack Dorsey-founded platform, Business Standardreported, citing The Australian.
On Wednesday, Musk served Twitter with asecond termination letter. The entrepreneur had terminated the $44 billion deal in July, saying the platformfailed to provide dataon monetizable daily active users.
Twitter has since thensuedMusk in the Delaware Court of Chancery to force a buyout.
Price Action:On Wednesday, Tesla shares slipped 1.3% to $272.02 in the after-hours trading after closing 0.75% lower at $275.61 in the regular session. On the same day, Twitter shares closed 1.4% lower at $38.77 in the regular hours and rose 0.4% in extended trading, according todata from Benzinga Pro.
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