Disney CEO says they dropped a plan to buy Twitter as many users were not real
Tesla CEO Elon Musk terminated the $44 billion deal to acquire Twitter. Disney CEO Bob Iger has also revealed that they dropped their plan to achieve Twitter over the same issue. they wanted to buy Twitter but ended up not going ahead with it because a “substantial portion” of its users were not real. This development comes in days after Elon Musk made a similar comment earlier that bots make 90% of the comments on his tweets.
The bitter battle between the richest person in the world Elon Musk and the social media platform Twitter is no secret. Iger shared that the plan never came to fruition after discovering that a substantial portion of Twitter users was not real. The anecdote comes as Elon Musk is attempting to back out of his bid to buy Twitter for $44 billion. Musk has been claiming that the number of faux users on the micro-blogging website ought to enable him to rescind the deal.
Disney CEO dropped a plan to buy Twitter:
Iger commented while speaking at the Code Conference about the time in 2016 when Disney was contemplating buying Twitter that fewer than 5% of its monetizable daily users are a bot or spam accounts as per a Reuters report. Iger further shared that they looked very carefully at all of the Twitter users and estimated with some of Twitter’s help that a substantial portion, not a majority, were not real.
It is important to note that Iger’s comments come amid a legal battle between billionaire entrepreneur Elon Musk and Twitter over Musk’s deal to buy the social media company for $44 billion. Twitter’s business executive Parag Agrawal defended the platform’s battle against bots. Agrawal supplemental that the foremost difficult facet is that several accounts that look pretend are real individuals. Twitter additionally lock ample accounts each tends that we suspect could also be spam if they can’t pass human verification challenges.
Disney could have been a “phenomenal” distribution platform for Disney but it came with a considerable number of headaches including bots. The Twitter company misled Musk and regulators about the true number of spam or bot accounts on the microblogging platform. Twitter suspends over 1,000,000 spam accounts each day before any of you even see them on Twitter. And a number of the spam accounts that are the foremost dangerous and cause the foremost hurt to our users will look all legitimate on the surface. However, the Twitter company has maintained that not more than 5% of accounts on its platform are fake or bots.