Elon Musk kept pushing on Twitter (New York Stock Exchange:TWTR) over the weekend, accusing the company of refusing to provide details on how it determines activity fueled by fake accounts. The message represented the last salvo in a Tesla campaign (TSLA) to potentially renegotiate its acquisition deal with the social media giant.
When asked on Twitter if the company had provided any additional information on its claim that 5% of activity came from fake accounts, Musk replied that he is still waiting for more details.
“No, they still refuse to explain how they calculate that 5% of daily users are fake/spam! Very suspicious,” the billionaire said. tweeted weekend.
Last month, Musk struck a deal to buy Twitter for $54.20 a share, or about $44 billion. However, Musk has since called off the deal, citing a TWTR report that less than 5% of its daily active users represent fake accounts.
Musk has disputed that number and has pushed for additional details on TWTR’s methodology to arrive at the 5% figure. He has also suggested an external audit of the data.
The billionaire added that he remains committed to the transaction, but suggested the deal may require a lower price to go ahead.
For its part, TWTR has held firm on the purchase price so far, saying it is “committed to completing the transaction at the agreed price and terms as soon as possible.”
To learn more about the saga, see why one high-profile analyst sees a 60% or better chance that Musk will abandon his deal to buy TWTR.