Twitter’s inventory value has erased all its features within the weeks since Musk disclosed his stake the corporate and is these days buying and selling at $37.39 in keeping with proportion — smartly underneath Musk’s be offering value of $54.20 in keeping with proportion.
“The bot factor on the finish of the day … feels extra to us just like the “canine ate the homework” excuse to bail at the Twitter deal or communicate down a cheaper price,” Dan Ives and John Katsingris, analysts at Wedbush Securities, wrote in a word on Monday.
In his Twitter thread, Agrawal mentioned maximum junk mail campaigns on Twitter use a mix of people and automation, reasonably than being essentially led by means of bots. Parsing via authentic and pretend accounts may also be difficult, he mentioned.
“We shared an summary of the estimation procedure with Elon every week in the past and look ahead to proceeding the dialog with him, and all of you,” he added.