Elon Musk hints that he is paying for Twitter less than the $ 44 billion offer

Tesla CEO Elon Musk on Monday gave the strongest hint that he would like to pay for Twitter less than his $ 44 billion offer made last month. Musk said at a technology conference in Miami that a viable deal at a lower price would not be ruled out, according to Bloomberg News, which said he watched a video of the conference live, posted by Twitter users.

Also at the All In Summit, Musk It is estimated that at least 20 percent of Twitter’s 229 million accounts are spam bots, a percentage he said is at the lowest level in his estimation. The appearance came hours after Musk began trolling Twitter CEO Parag Agraval, who posted a series of tweets explaining his bot’s campaign efforts and how it consistently estimates that less than 5% of Twitter accounts are fake.

In general, the day’s events reinforced analysts’ theories that Musk either wants to exit the deal or is pushing for a lower price, largely due to a huge drop in Tesla’s share price, some of which he promised to fund the acquisition of Twitter. Shares of Twitter closed just over 8 percent on Monday and stood at $ 37.39, lower than shares were shortly before Musk revealed he is Twitter’s largest shareholder. On April 14, Musk offered to buy Twitter for $ 54.20 per share.

READ ALSO: Twitter CEO Parag Agraval explains spam bots on the platform, and Elon Musk is not impressed

On Friday, Musk tweeted that his plan to acquire Twitter was temporarily postponed as he tried to determine the number of fake accounts on the social media platform. The Tesla and SpaceX The CEO said content awaits details of Twitter accounts that fake accounts make up less than 5% of users.

In tweets Monday, Agraval admitted that Twitter is not perfect at catching spam. He wrote that each quarter the company evaluates less than 5 percent of spam. Our estimate is based on numerous reviews of thousands of accounts that are randomly selected, consistently over time, writes Agraval.

Estimates for the past four quarters have been well below 5%, he wrote. The magnitude of errors in our estimates gives us confidence in our public statements each quarter. Musk, using his favorite platform, responded with a smiling smiley and then asked how Twitter advertisers know what they get for their money. Shares of Tesla closed Monday at nearly 6 percent to $ 724.37. They lost about one-third of their value from the auction before Musk revealed his stake in Twitter.

WATCH THE VIDEO: Elon Musk Bought Twitter: Here Are 4 Big Changes You Can Expect

https://www.youtube.com/watch?v=/j9MT1w1GCb0

Musk did not immediately respond to a message asking for comment. The All In Summit said in an email that it will publish a video of Mask’s appearance in the coming days.

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