Elon Musk could reportedly try to pay less for Twitter: Bloomberg

  • Elon Musk said a Twitter deal with a lower price is “not out of the question,” Bloomberg reported.
  • He previously tweeted concerns about spam bots and prompted a response from Twitter CEO Parag Agrawal.
  • Musk was speaking at a conference in Miami and amid tough times in the tech industry, meaning he could be looking to renegotiate the deal.

At “The All In Summit 2022,” Elon Musk didn’t give the impression that he felt that way about his Twitter deal.

He said a lower-priced deal is not “out of the question,” Bloomberg reported.

“Currently, what I’m being told is that there’s just no way to know the number of bots… It’s as unknowable as the human soul,” Musk said at the Miami conference, according to a social media video, Bloomberg added.

For the past few days, Elon Musk has been publicly rambling about his bid to acquire Twitter for around $44 billion as tech stocks tumbled.

It all started Friday morning when he tweeted that the deal was temporarily “on hold,” and then “still committed” to the purchase. That night, he said that his team would check how many spam bots there were in 100 accounts.

This seemed to have provoked a response from Twitter stakeholders.

Musk also said Friday night that 100 accounts was the sample size Twitter uses, and then Musk said on Saturday that Twitter’s legal team said it broke its NDA by disclosing that.

Twitter CEO Parag Agarawl said in a thread on Monday that anyone couldn’t run a spam bot test with 100 accounts, and Musk responded to the thread with a poop emoji.

Twitter has long reported its spam account count at 5%, noted Variety.

Musk has spoken before about having issues with spam or bot accounts on Twitter, but Wedbush analyst Dan Ives said Musk was talking about spam bots as a “dog ate homework” explanation. ” to exit the acquisition or negotiate the price.

“Massive pressure on Tesla stock since the deal, a changing stock market/risk environment last month, and a host of other financial factors have caused Musk to ‘cool off’ on the Twitter deal,” Wedbush noted, as Previous Insider. informed.

The bot idea “is not a new problem and is probably more of a scapegoat to push for a lower price,” Ives added.

As for the conference, several Twitter users also reported who said “The more questions I ask, the more my concerns grow,” about the company. Insider was unable to independently verify this.

Musk spoke at “The All In Summit 2022” on Monday afternoon at 2 p.m. ET on video, and the media was not allowed to attend the event, according to Bloomberg.

The event is an offshoot of the podcast of the same name, which covers “all things economics, technology, politics, social media and poker,” according to its Twitter account. Biography.

The All In event website promised “three days of discussion, laughter, poker and fine wine with the best,” and featured speakers like Nate Silver, editor-in-chief of FiveThirtyEight, and Keith Rabois of Founders Fund.

Twitter and Elon Musk did not respond to a request for comment.

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