Elon Musk, the CEO of Tesla, recently stated that removing "spam bots" from the platform will be one of his primary goals.
Lets know the actual reason behind it.
According to Tesla's CEO, the transaction on hold pending details supporting the conclusion that spam and false accounts accounted for less than 5% of users.
Musk announced last month that he had agreed to buy Twitter Inc for $44 billion in cash.
Earlier this month, twitter calculated that fraudulent or spam accounts accounted for less than 5% of its monetizable daily active users.
As a result, both Twitter and Tesla's shares swung drastically in opposite directions.
He has also been critical of Twitter's moderation policy.
He argues that public tweets should be prioritized, and he is against any favouritism toward advertisers.
Here is a twist: The contract has a "specific performance" clause that may force Musk to complete the deal.
Musk hold twitter deal
Wants to remove bots
Share of Twitter and Tesla drops