Elon Musk’s Crazy Revelation about Twitter Deal

 elon musk gave a new interview and    revealed that he is already considering    abandoning twitter once and for all and    he wants to create a new social platform    like wechat and elon was very honest he    talked about how they lied to him from    the beginning with that elon provided    his evidence of why twitter has far more    fake accounts than it was said    furthermore elon said that after he had    made the statement about stopping the    twitter acquisition the legal team of    twitter responded and informed him that    he violated the non-disclosure agreement    that was between the ceo of tesla and    twitter as elon informs this happened    when he announced that the numbers about    twitter fake accounts are wrong so    finally a lot of inside information    about this twitter acquisition has been    revealed by elon musk so let's discuss    everything so when the interviewer asked    elon whether the deal is 100 cancelled    or not elon said that if the twitter    board will not provide any logical    explanation why the platform has less    than 5 fake accounts there is no deal    because as elon explained he is    concerned that twitter might have a 50    or even higher percentage of fake    accounts he said twitter is refusing to    tell us a percentage of fake accounts    they claim they know it but they've got    this complex methodology that not any    human but only they can understand    elon then compared this situation to the    house owner who lies about his house and    sells it imagine i agree to buy your    house you say the house has less than 5    termites that's acceptable but if it    turns out it is 90 termites you know    it's not the same your house will    disappear    furthermore elon explained that when    deciding to buy the company he was    relying on twitter's public filings but    as he found out the situation with fake    accounts is worse than they claimed    and of course it's normal to trust    formal filings this is what investors    are relying upon either for an    acquisition or for buying some shares of    the company and elon added the number of    registered real people cannot be the    same type of unsolved mystery maybe they    don't want to look too closely at the    thing because they might not like the    answer moreover elon brought interesting    evidence of proving his point as elon    said the number of most liked tweets    should be a minimum ten percent of total    registered users but it's only two    percent he explained 

i posted about    coca-cola and that is one of the most    liked tweet ever if daily monetizable    active users are 217 million why is this    tweet only 2.5 percent of the entire    user base it's not possible and then    elon musk shocked everyone when he said    that every day he asks more and more    questions and with that his desire to    create his own social media platform    increased and the perfect model of    social media platform according to musk    is chinese social media wechat as elon    thinks this platform is ideal because it    has the best features of twitter paypal    and a messaging app that has an    incredible interface and is spam free    and elon is absolutely right saying that    it's hard to find outside china    something similar to wechat    and on this topic elon explained app    like wechat it needs to exist either    convert twitter to that or start    something new like that my default    inclination is to start things from    scratch i don't buy things i start from    scratch    therefore elon musk is waiting for the    twitter board to have a clear picture    about registered users but with every    day he is waiting he has more desire to    start a new platform by himself    moreover it is interesting to point out    that the twitter board does not seem to    be affected by the decision of elon and    they are persisting to finalize his    acquisition the board of twitter has    filed a preliminary proxy statement with    the u.s securities and exchange    commission    now this means that the twitter board    confirms officially the company is    moving forward with this acquisition and    they are expecting this deal to be    finalized exactly with the price that    was agreed upon and it is surprising    that the twitter board made this move    hours after elon musk announced 

that he    is stopping the Twitter deal well as we    see the management of the social media    platform has different plans and they    want it to be sold this is an unexpected    move from the board of Twitter because    the game of chess between Elon musk and    the management of Twitter continues    every day    and Elon musk was very clear about why    he does not want to buy the company    anymore    musk alleges that many of the spam    profiles are bots yet Twitter never uses    the term in its sec filing fake or spam    accounts sometimes known as bot accounts    are run by computers rather than humans    however it is worthwhile mentioning that    automated Twitter bots which are    designed to tweet specific things at    specific times can be beneficial or    negative both and Twitter does not    prohibit them completely    musk's remark came just a few hours    after twitter's CEO Parag Agrawal 

wrote    a lengthy thread regarding spam on the    social network    according to Agrawal who is a software    engineer on Twitter spam 

figures are based    on several human evaluations of    thousands of accounts that are randomly    picked over time    external organizations he claims cannot    estimate the precise amount of spam    accounts on the network since it    requires both public and private    information that twitter does not    disclose according to agrawal it is    impossible to determine which accounts    are recorded as monetizable daily active    users on any given day from the outside    when musk presented his own idea to    detect the bots by testing a random    selection of 100 followers on twitter    twitter officially accused him of    breaching a non-disclosure agreement    when a user requested musk to explain    the process of screening bot accounts he    said he chose 100 as a sample size    number since that is what twitter uses    to obtain the statistic of less than    five percent fake accounts    musk stated that he has yet to see any    research that demonstrates the social    media business has fewer than five    percent false accounts he then stated    that there is a tiny likelihood that the    percentage is higher than 90 of daily    users    shortly after he said that twitter's    legal team accused him of breaching a    non-disclosure agreement by exposing    that the study sample for the social    media platform's fake accounts checks    was 100.    according to him twitter's legal team    phoned him to protest after his tweet    regarding the bot check with that musk    stated that the current algorithm it    does anticipate what one may like to    read and floods their feed with just    that and in doing so it alters our    opinions without our knowledge dorsey    responded by saying that it was not    intended to manipulate rather to    capitalize on whatever you indulge in    most on the app and show you more of it    he did concede that it can have    unforeseen implications which is why    people should be able to choose whether    or not to use an algorithm and which one    to apply    musk has a valid argument whatever the    objectives behind these algorithms they    may have unintended consequences as    dorsey described it social media    organizations have been under fire    because of their involvement in the    propagation of false or misleading    content online    according to one study americans    absorbed twice as much news from    untrustworthy sources in 2020 as they    did in 2019    another research discovered that    misleading information travels quicker    than true information online with lies    being 70 more likely to be shared on    twitter than the truth the misleading    allegations that circulated during the    catastrophic winter storm the bat of    texas in february 2021 are an example of    what may go wrong according to michael    coo    an image of a helicopter de-icing a    frosted wind turbine was extensively    circulated on social media with some    claiming 

it demonstrated how renewable    energy was the cause of the state's    power infrastructure failure which    resulted in about 250 deaths and    widespread outages    except that the picture was taken in    Sweden in 2016 not texas in 2021