Tesla and SpaceX billionaire Elon Musk said Friday that his Twitter buyout had been temporarily suspended.
Musk said he will conduct his own investigation into how many Twitter users are fake accounts.
Twitter said in a public inquiry this month that less than 5% of users are fake or spam accounts.
Elon Musk said Friday that he plans to conduct his own research to determine how many Twitter users are actually bots before his purchase of the social media company goes through.
In a tweet sent early Friday morning, Musk said the Twitter deal was on hold until he could verify the site’s estimate that fake or spam accounts represent less than 5% of users, though he added that he ” still committed” to the acquisition.
Musk announced Friday night how his team would evaluate the estimate.
“To find out, my team will randomly sample 100 @twitter followers,” Musk said in a statement tweet, referring to the platform’s own account, which has more than 61 million followers. “I invite others to repeat the same process and see what they discover.”
He added that he “chosen 100 as the sample size number, because that’s what Twitter uses to calculate its own estimate”.
Twitter announced on April 25 that it was accepting Musk’s takeover offer. A week later, Twitter said in a public inquiry that fake or spam accounts made up less than 5% of daily active monetized users in the first quarter.
When a Twitter user questioned whether Musk had thought about this before agreeing to a $44 billion deal, the CEO of Tesla and SpaceX said he “relied on the accuracy of Twitter’s public filings.”
In a sequel tweetMusk wrote: “The bots are angry because they are being counted,” along with a crying emoji.
Read the original article on Business Insider