Elon Musk, the head of Tesla, has challenged Parag Agrawal, the CEO of Twitter, to “a public debate”
Elon Musk, the head of SpaceX and Tesla, has challenged Parag Agrawal, the CEO of Twitter, to “a public debate” about how the social media giant decides which accounts are fake and which are spam bots. Asked about the countersuit against San Francisco-based Twitter in a series of tweets, Musk pushed Parag to talk about the percentage of bots on the social media platform. Musk also made a Twitter poll asking his followers to vote on whether at least “less than 5% of Twitter daily users are fake/spam” in an effort to back out of the $44 billion deal to buy the online startup.
Musk’s supporter revealed to him that Twitter had given him the “outdated and phony data set” in respect to how the firm derives its mDAU, which establishes the bot’s proportion of online time. “A good explanation of the problem. If Twitter only describes how it selects 100 accounts for sampling and confirms that they are real, the Agreement shall be construed in accordance with its original terms. However, if it turns out that their SEC filings are patently false, it shouldn’t “the CEO of SpaceX wrote on his official Twitter page.
While the Tesla CEO gave the company just a twenty-four-hour window to accept his buyout offer, Musk’s offer of a debate with the Twitter CEO was made, according to the company’s attorneys in court records. But Musk argued on Saturday that as long as Twitter “simply discloses their way of sampling 100 accounts and how they’re verified to be real,” there shouldn’t be any obstacles to the buyout agreement. Then, alluding to Twitter CEO Parag Aggrawal, Musk wrote: “Let him show to the public that Twitter has 5% phony or spam everyday users!”
Tesla CEO Elon Musk, 51, paid $54.20 more per share than the stock’s then-market price of $38, but he was compelled to back out of the deal in July. According to Musk, Twitter failed to provide accurate information on the phony or spam accounts using its service or just refused to do so. After Twitter disagreed with Musk’s claim that he was signing a $44 billion contract, Twitter sued Musk. Musk has since attempted to move the October trial date to the next year. Twitter referred to Musk’s demands as “implausible and contrary to fact.”