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The Former Disney CEO said that the company found a ‘substantial portion’ of Twitter users to be fake in 2016.
In 2016, when Disney was considering buying the social network, a “substantial portion” of Twitter‘s members were found to be “not real,” according to former Disney CEO Bob Iger, who spoke on Wednesday. Iger claimed that when he got cold feet, the boards of Twitter Inc. and Walt Disney Co. were ready to start negotiations. He said that Twitter had assisted Disney in discovering that “a substantial portion, not a majority,” of users were fake.
Iger’s remarks may be helpful to the CEO of Tesla amid a legal dispute between billionaire businessman Elon Musk and Twitter over his agreement to buy the social media platform for $44 billion. He said that he had second thoughts about the Twitter deal because of the “nastiness” of the discourse on the social media platform. Iger feared it might become a distraction.
Musk claims that Twitter exaggerated the number of spam bots
Elon Musk, who is attempting to back out of the agreement, asserted that Twitter had exaggerated the prevalence of spam or automated accounts on the social media platform.
He might add August-surfaced whistleblowing claims from a former Twitter security head to the lawsuit after the request to delay it was denied. His motion to delay the lawsuit was denied by Kathaleen McCormick, chancellor of the Delaware court, who claimed that doing so “would risk further harm to Twitter too great to justify.”
Musk canceled the agreement, accusing Twitter of deceiving them about the number of bot accounts using its platform. Twitter’s attorneys said that Musk was attempting to stop the takeover and that his request was simply another delay tactic.
The Washington Post published an article in August that contained revelations criticizing Twitter’s security protocols.
