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

  • Elon Musk said a Twitter deal with a lower price tag “is not out of the question,” Bloomberg reported.
  • He previously tweeted concerns about spambots and sparked a response from Twitter CEO Parag Agrawal.
  • Musk spoke at a conference in Miami and amid tough times in the tech industry, which means he may want to renegotiate the deal.

At “The All In Summit 2022,” Elon Musk didn’t appear to feel that way about his Twitter deal.

He said a deal with a lower price tag is “not out of the question,” Bloomberg reports.

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

In recent days, Elon Musk has publicly questioned his bid to take over Twitter for about $44 billion as technology shares plummeted.

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

This appeared to have sparked a response from Twitter stakeholders.

Musk also said Friday night 100 accounts was the sample size Twitter uses, and then Musk said Saturday that Twitter’s legal team said he violated his NDA by disclosing that.

Twitter CEO Parag Agarawl said in a thread Monday that no one can run a spambot test with 100 accounts, and Musk replied to the thread with a poo emoji.

Twitter has long reported spam accounts at 5%, Variety noted.

Musk has talked about issues with spam or bot accounts on Twitter before, but Wedbush analyst Dan Ives said Musk referred to spam bots as a “dog ate the homework”-style explanation to get out of the acquisition or lower the price. .

“The tremendous pressure on Tesla’s stock since the deal, a changing stock market/risk environment over the past month, and a number of other funding factors have left Musk ‘cold feet’ on the Twitter deal,” Wedbush noted, as told Insider. previously reported.

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

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

Musk was speaking at “The All In Summit 2022” on video Monday afternoon at 2 p.m. ET, 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 everything economic, technical, political, social and poker,” according to Twitter. bio

The All In event website promised “three days of discussions, belly laughs, poker and fine wine with the besties,” 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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