Elon MuskHe has stated that he will not move forward with $44 billion Twitteracquisition, until he has more information about fake accounts. He met for three days with company top brass to discuss the business of the company before he announced publicly his bid. a new securities filing.

It’s not clear what the filing says or whether Musk raised concerns regarding bots in these meetings.

Musk had discussions with former CEO and co-founder of Twitter in late March and early April. Jack DorseyParag Agrawal is the current CEO. Bret Taylor, Twitter board chairman, and Egon Durban are also board members.

After Musk made an investment in Twitter, the meetings occurred before his April 14th announcement. was making a formal bid for the company. Twitter board finally agreed to sell to Musk for $44 billionMusk said late last month that the deal’s future is in doubt. He stated that he will only be able to determine the true number of accounts created on the platform after that.

Twitter shares have been being sold by investors because Musk may not be able to fulfill his contract to buy Twitter at the agreed price of $54.20 per share. Twitter’s stock has given up all its gainsSince Elon Musk disclosed his 9 percent stake last month, Twitter shares have risen 3% to $38.54. Twitter shares rose 3% to $38.54, below its April 1 closing price of $39.31, which was the previous trading session prior to Musk. revealed his minorityTwitter ownership

Musk will be in town Tuesday. doubled downHis conviction that Twitter deals “cannot be advanced” until bots can be proven to less than 5 percent of the users is based on his belief that they are not part of the Twitter community. Bots can either be helpful or malicious and are automatically created accounts. Musk, Twitter and others have not defined bots.

“My offer was made based upon Twitter’s SEC filings being correct.” Musk tweeted early Tuesday morning. “Yesterday, Twitter’s CEO publicly refused to show proof of <5%. This agreement cannot be moved forward unless he shows proof of 5%.

The company estimates that less than 5% were fake or spam accounts since 2013, when it went public. Twitter’s 2018 annual report stated that this number applies also to its monetizable daily users (mDAUs).

According to the company’s 229 million mDAUs, as of last quarter, “the real number of spam or false accounts could be greater than what we estimated.”

a series of tweetsAgrawal revealed Monday the process by which Twitter determines how many accounts are false on its platform. Twitter is unable to publicly share details because it depends in part upon private user data.

Musk replied to Agrawal with a smiley poop-emoji. He then wrote, in a separate Tweet: “So how can advertisers know what their money is getting? This is essential to Twitter’s financial well-being.

Musk also spoke out about Twitter’s spam issue on Tuesday, at the summit hosted by Chamath Palihapitiya Jason Calacanis David Sacks David Friedberg and David Friedberg in their podcast “All-In”.

Musk commented that it seemed absurd that Twitter would claim that there are more than 95% of genuine, individual humans who make comments daily on Twitter. They’re making that claim. Anyone have such an experience? That’s what I meant.

Musk doesn’t have any proof that Twitter’s calculations don’t work. Chris Kelly FacebookCNBC’s ex-chief privacy officer and general attorney, said Tuesday in an interview that Twitter bot estimates were “pretty thoroughly vetted”.

Musk declared Tuesday that he estimated thatAround 20% of Twitter accounts are spam or fake, according to him.

Kelly stated that “Obviously there could and should be external challenges sometimes but Elon does not seem to have evidence.” “…Parg and Twitter have provided a lot evidence as to how they accomplish this. His assertions, unless he can provide real evidence to support them, are not valid.

Twitter’s accuracy with its metrics has been criticized before. Twitter’s accuracy of user metrics was criticized last September. said it agreedTo settle a lawsuit by shareholders alleging that it artificially inflated its stock price through misleading them regarding user engagement, the company will pay $809.5 Million.

Musk’s ideas for quantifying the amount of duplicate, spammed and fake Twitter accounts are his. Musk tweeted last week that he was going to review 100 Twitter followers.

He later added, “Ignore 1000 followers first and then select every 10th.” “I’m open for better ideas”

Experts in statistical analysis, social media and disinformation told CNBCMusk’s method won’t work, and it shouldn’t be used as “due diligence”, for a $44-billion acquisition.

Lora Kolodny from CNBC contributed to this article.

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