Twitter CEO defends bot estimates that put Musk’s acquisition on hold, Elon responds '💩'
, “So how do advertisers know what they’re getting for their money? This is fundamental to the financial health of Twitter.” Elon, notably, has reportedly told investors he wants to change Twitter so that it doesn’t rely on advertising money for most of its revenue and instead gets more income from subscriptions.
Our actual internal estimates for the last four quarters were all well under 5% – based on the methodology outlined above. The error margins on our estimates give us confidence in our public statements each quarter.Speculation following Musk’s Friday morning tweet ran wild, with some suggesting his goal was to complete the deal at a lower price or perhaps try to find a way to walk away from it completely with a $1 billion breakup fee.
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