Elon Musk on Saturday tweeted that Twitter’s legal team accused him of violating a nondisclosure agreement by revealing that the sample size for the social media platform’s checks on automated users was just 100 accounts.
“Twitter legal just called to complain that I violated their NDA by revealing the bot check sample size is 100!” the Tesla CEO tweeted. “This actually happened.”
Shares of Twitter were down by nearly 10% in pre-market trading on Monday.
Musk on Friday tweeted that his $44-billion cash deal to take the company private was “temporarily on hold” while he awaited data on the proportion of its fake accounts.
He said his team would test “a random sample of 100 followers” on Twitter to identify the bots.
When a user asked Musk to “elaborate on process of filtering bot accounts,” he replied: “I picked 100 as the sample size number, because that is what Twitter uses to calculate <5% fake/spam/duplicate.”
Musk tweeted during the early hours of Sunday that he is yet to see “any” analysis that shows that the social media company has fake accounts less than 5%.
He later said that “There is some chance it might be over 90% of daily active users.”
Dan Ives, the senior analyst at Wedbush, said in a Monday note that the “bot” issue could be a ploy by Musk to lower the $54.20 per share price tag.
Ives said that several ractors, including the changing stock market as well as financing issues, “has caused Musk to get cold feet” and that the hang-up over “bots” is “likely...
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