Texas Attorney General Ken Paxton has launched an investigation against Twitter for allegedly misreporting its bots, hurting businesses and consumers.
to acquire and take it private at $54.20 per share. But Musk has since said the deal is temporarily on hold pending details supporting Twitter’s calculations that spam and fake accounts make up less than 5% of users.
Last month, Musk said his team would conduct its own random sampling to calculate the number of spam and fake accounts. Twitter CEO Parag Agrawal said an external review to determine the percentage would be difficult given the "critical need to use both public and private information.
"Texans rely on Twitter’s public statements that nearly all its users are real people. It matters not only for regular Twitter users, but also Texas businesses and advertisers who use Twitter for their livelihoods," said Attorney General Paxton. "If Twitter is misrepresenting how many accounts are fake to drive up their revenue, I have a duty to protect Texans.
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Texas Attorney General Ken Paxton Launches Twitter Bots Probe After Musk's Public ComplaintsKen Paxton, the attorney general of Texas, is investigating Twitter over its reported user numbers.
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