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	<title>Hire &amp; Fire Archives - International Finance</title>
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		<title>Parag Agrawal hits back as Musk casts doubts over fake Twitter accounts</title>
		<link>https://internationalfinance.com/business-leaders/parag-agrawal-musk-doubts-fake-twitter-accounts/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=parag-agrawal-musk-doubts-fake-twitter-accounts</link>
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		<dc:creator><![CDATA[IFM Correspondent]]></dc:creator>
		<pubDate>Wed, 25 May 2022 04:33:37 +0000</pubDate>
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		<category><![CDATA[Elon Musk]]></category>
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					<description><![CDATA[<p>Elon Musk's $44 billion bid to buy Twitter has been put on hold while he investigates fraudulent accounts.</p>
<p>The post <a href="https://internationalfinance.com/business-leaders/parag-agrawal-musk-doubts-fake-twitter-accounts/">Parag Agrawal hits back as Musk casts doubts over fake Twitter accounts</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Elon Musk&#8217;s $44 billion bid to buy Twitter has been put on hold while he investigates fraudulent accounts, according to Twitter&#8217;s CEO. Parag Agrawal on the other hand defended the firm’s estimations that spam accounts accounted for less than 5% of users in a series of tweets. </p>
<p>To which, Elon Musk responded with a poo emoji and then later repeated his claim that the company was miscalculating the figures.</p>
<p>According to industry experts, Musk might be looking for ways to renegotiate the price of the deal or instead walk away from it. </p>
<p>These rumours were fuelled even more on May 16 after Bloomberg reported that Musk had said in a tech conference that going with the deal at a lower price was simply ‘not out of the question.’</p>
<p>He further stated that there are spam accounts four times as compared to what Twitter claims. Defending this statement, Parag Agrawal said that he will have a discussion on this issue by collecting data, facts, and context. </p>
<p>Parag Agrawal even added that the company had used a combination of public and private data to decide which all accounts were real and even went through random samples every month. Twitter has also suspended over 500,000 suspected accounts on a daily basis and blocked millions. </p>
<p>Agrawal also stated that the margins of error are well within its estimate of spam accounts representing less than 5% of daily users.</p>
<p>He even said that he further shares this information with Elon Musk. </p>
<p>After Parag’s fair share of tweets, Twitter’s share fell below $38 and slid even more on Monday. </p>
<p>The post <a href="https://internationalfinance.com/business-leaders/parag-agrawal-musk-doubts-fake-twitter-accounts/">Parag Agrawal hits back as Musk casts doubts over fake Twitter accounts</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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