Tesla CEO Elon Musk hopes to take over Twitter for a lower price. He thinks there are many more spam accounts active than the platform claims.
Musk has made a takeover offer on Twitter of $44 billion (more than 42 billion euros). His offer is $54.20 per Twitter share.
Musk stated at a tech event in Miami on Monday that a Twitter takeover is still feasible, but at a lower price.
An official Twitter document earlier this month revealed that less than 5 percent of daily users are spam accounts. The number of active users is important to potential profitability because spam accounts do not respond to advertisements.
Musk does not trust the company’s numbers, however. He said in Miami that at least 20 percent of Twitter users are spam accounts. He therefore hopes to be able to buy the platform for a lower price.
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