Major changes are already taking place at one of the biggest platforms in human history, although Tesla owner and CEO Elon Musk’s agreement to purchase twitter has not yet been finalized.
Amid Tesla CEO Elon Musk’s multibillion-dollar bid to buy the platform, Twitter co-founder Jack Dorsey is stepping down from the company’s board of directors, effective today.
“As we shared back in November, Jack would be leaving the Board when ‘his term expires at the 2022 meeting of stockholders,’” a Twitter spokesperson said in a statement to The Hill.
Jack Dorsey announced his resignation as Twitter chief exec in November 2021 and passed the baton to Parag Agrawal while remaining on the board.
Now that the board term has ended, Dorsey has stepped down as expected.
The announcement comes on the same day that Twitter held its annual shareholder meeting.
“Jack off the board,” Musk tweeted in response to the news.
Jack off the board!
— Elon Musk (@elonmusk) May 26, 2022
Last month in the midst of his deal to acquire Twitter, Elon Musk urged the United States to take action. The Securities and Exchange Commission is investigating social network user numbers.
Earlier this week, the world’s richest man wrote, “Twitter claims that >95% of daily active users are real, unique humans. Does anyone have that experience?” He then said, in response to a follower, who suggested the SEC begin an investigation, “Hello @SECGov, anyone home?”
Twitter claims that >95% of daily active users are real, unique humans. Does anyone have that experience?
— Elon Musk (@elonmusk) May 17, 2022
Tesla and SpaceX boss also claimed on Tuesday that the $44 billion Twitter deal “cannot move forward” unless there is any clarity on bots. While replying to a user, Musk wrote, “20 per cent fake/spam accounts, while 4 times what Twitter claims, could be *much* higher. My offer was based on Twitter’s SEC filings being accurate. Yesterday, Twitter’s CEO publicly refused to show proof of more than 5 per cent. This deal cannot move forward until he does.”
20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.
My offer was based on Twitter’s SEC filings being accurate.
Yesterday, Twitter’s CEO publicly refused to show proof of <5%.
This deal cannot move forward until he does.
— Elon Musk (@elonmusk) May 17, 2022
Spam degrades the Twitter user experience and can have a negative impact on business, CEO and Twitter CEO Parag Agrawal said.
He wrote, “First, let me state the obvious: spam harms the experience for real people on Twitter, and therefore can harm our business. As such, we are strongly incentivized to detect and remove as much spam as we possibly can, every single day. Anyone who suggests otherwise is just wrong.”
Unfortunately, we don’t believe that this specific estimation can be performed externally, given the critical need to use both public and private information (which we can’t share). Externally, it’s not even possible to know which accounts are counted as mDAUs on any given day.
— Parag Agrawal (@paraga) May 16, 2022
He also stated that for the previous four quarters, internal estimates of spam accounts on the platform were “well under 5%,” Musk on the other hand, responded by using the poop emoji.
Musk tweeted last week about a Reuters report on Twitter bots and fake accounts.
The Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5 percent of users,” He wrote and then replied to his own tweet and said, “Still committed to acquisition.”
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Since the billionaire revealed his stake in Twitter in early April and sold $8.5 billion worth of Tesla stock to help his Twitter acquisition deal, Tesla shares have lost one-third of their value.
Sources: Conservativebrief, Ussanews, Resistthemainstream
