Why Twitter Bots Could Tank Elon Musk Buyout, Explained
For most of us, Twitter bots may seem like just another online pest. But for Elon Musk, they might be enough to scrap a multibillion-dollar deal.
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For most of us, Twitter bots may seem like just another online pest. But for Elon Musk, they might be enough to scrap a multibillion-dollar deal.
Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter.
Elon Musk, who has made a $44 billion takeover bid for social media platform Twitter, has suggested slashing the offer after accounting for the proportion of bots present on the microblogging site.
The analysis was based on a system of 17 warning signals that point to an account being suspicious, two audit research groups said.
Twitter announced Tuesday that it was filing a preliminary proxy statement with the SEC in order to complete the Elon Musk buyout “on the agreed price.”