Musk: Doubt about spam accounts could scuttle Twitter deal

JUST IN: Tesla CEO Elon Musk says his deal to buy Twitter can’t move forward unless the company shows public proof that less than 5% of the accounts on the platform are fake or spam.

can't move forward unless the company shows public proof that less than 5% of the accounts on the platform are fake or spam.

In his tweet Tuesday, Musk said: “20% fake/spam accounts, while 4 times what Twitter claims, could be much higher. My offer was based on Twitter’s SEC filings being accurate.” At a Miami technology conference Monday, Musk estimated that at least 20% of Twitter’s 229 million accounts are spam bots, a percentage he said was at the low end of his assessment, according to a Bloomberg News report.

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