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Elon Musk signals he desires to pay lower than $44bn for Twitter

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Elon Musk has signaled that he desires to pay lower than $44bn for Twitter after telling a tech conference he believes not less than 20 per cent of the platform’s accounts are bots.

The Tesla boss, who announced last week that his deal to purchase Twitter was “temporarily on hold”, told the All In Summit that a lower cost agreement for the corporate was possible, in response to the Associated Press.

Mr Musk said that the share of bots amongst twitter’s 229m accounts was on the low end of his assessment, reported Bloomberg News who watched a livestream of the event.

Twitter stock ended Monday down eight per cent at $37.39, while Mr Musk offered to purchase the corporate at $54.20 on 14 April.

The world’s richest person has said he’ll use billions of dollars of Tesla stock to purchase twitter, and the electrical vehicle maker’s stocks have fallen in value by greater than 27 per cent up to now month.

This has lead some observers to suggest that Mr Musk may attempt to back out of the deal, which might cost him a $1bn fee to exit.

Earlier within the day, Mr Musk sent a poop emoji to Twitter CEO Parag Agrawal after he claimed it could be difficult to conduct an external review to find out the share of bots and faux accounts.

“Unfortunately, we don’t consider that this specific estimation may be performed externally, given the critical need to make use of each private and non-private information (which we will’t share),” Mr Agrawal tweeted.

“Externally, it’s not even possible to know which accounts are counted as mDAUs on any given day.

“There are LOTS of details which can be very vital underneath this high-level description. We shared an outline of the estimation process with Elon every week ago and stay up for continuing the conversation with him, and all of you.”

Twitter has previously said it believes that lower than five per cent of its accounts are fake.

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