Elon Musk and his talk of Twitter bots are making big waves across the nation, but his purchase of Twitter continues to stand still.
Elon Musk and Twitter
Elon Musk, the world’s richest billionaire, took to Twitter to unfold how he’s feeling about his purchase of Twitter. His remarks and comments are making big waves, especially because his points about Twitter bots.
Last month, Musk made a “deal” to purchase Twitter for $44 billion, however before he made it official and handed over his billions, he made a request to validate Twitter’s claim that bots are about 5% or less than the population of followers.
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted on May 13th.
This type of inquiry made Twitter stop in its tracks.
Twitter bots are, according to Norton, automated Twitter accounts controlled by bot software (fake accounts). They are programmed to perform tasks that are similar to an “everyday user” of Twitter. Bots can seem like real people and will like Tweets, and can follow other users. In addition, other actions they can take are sharing information content en masse, generating auto-replies, and also direct messaging.
Maliciously, bots can be intimidating and manipulating, like spamming, and spreading bad information violating privacy policies, and can cause real damage.
According to reports, no one at Twitter, including the CEO Parag Agrawal, can tell exactly how many bots there are. Recently, two top Twitter executives Kayvon Beykpour (GM of Consumer) and Bruce Falk (revenue product lead) announced they will be leaving.
In addition, on May 12th Agrawal announced a hiring freeze, and will be cutting non-labor-related costs.
Twitter has been trailing downwards since the bot drama started, and was trading at $36.85 compared to the $54.20 a share Musk was willing to pay before asking to verify Twitter bots.
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