Musk uses Poop Emoji’s response to Twitter’s statement that external bot analysis is impossible
Twitter CEO Parag Agrawal on Monday sought to bolster confidence in the company’s estimate of the number of automated accounts, or “bots,” in existence on the platform after Elon Musk drew the attention to the number, disputing Twitter’s analysis and saying it was putting up its $44 billion buyout. pending because of this.
Musk, meanwhile, appears to have none of Agrawal’s assurances.
In the past year, the company discovered that “far less” than 5% of all Twitter profiles belonged to such spam accounts, Agrawal said in a tweet. He also said any external analysis would be impossible “given the critical need to use both public and private information (which we cannot share),” he wrote. In response, Musk replied to one of Agrawal’s tweets with the poop emoji.
Musk threw the ongoing drama surrounding his Twitter takeover into further chaos on Friday when he indicated his bid for the company was on hold as he conducted his own review of bot research. In a tweet, he pointed to longstanding language in Twitter’s SEC filings that bots make up less than 5% of users, apparently a signal that he didn’t believe the number was accurate. Musk later said he was “still committed” to the acquisition, followed by Twitter Chairman Bret Taylor saying the company “remains committed to our deal”.
Musk’s true intentions to raise concerns about bots remain an open question. Is this an attempt to start establishing an excuse to walk away from the Twitter acquisition? Or maybe a ploy to force Twitter to renegotiate the sale price amid a tech stock sell-off? Or is Musk just being himself and just taking the opportunity to troll the internet? Or maybe a mix of all three.
His words further baffled Twitter shareholders. Twitter fell 6.2% on Monday to $38.18 per share, a far cry from Musk’s bid of $54.20. (For perspective, the Nasdaq lost 0.7% on Monday.) There’s been an unusually large gap between Twitter’s stock price and Musk’s proposal — there’s usually some separation between the two at a deal, but not to this extent – and it continues to expand the shows how unsettled investors are about Musk getting the deal. Well done, Elon.