Twitter's stock price is now $36.80 per share, significantly less than the $54.20 per share that Musk has offered. There has been speculation that Musk may be using the fake accounts issue to negotiate a better deal for Twitter.

Musk initially responded to Agrawal's 13-tweet thread with a poop emoji and later wrote: 'So how do advertisers know what they're getting for their money? This is fundamental to the financial health of Twitter.' The Twitter CEO also said the company has estimated 'every quarter' that less than five percent of monetizable daily active users (mDAU) were spam accounts. We also lock millions of accounts each week that we suspect may be spam, if they can't pass human verification challenges (captchas, phone verification, etc),' Agrawal wrote. 'We suspend over half a million spam accounts every day, usually before any of you even see them on Twitter. He and Agrawal exchanged a series of tweets about the issue of fake accounts on Monday. It is not clear how Musk arrived at the 20 percent figure. This deal cannot move forward until he does.' 'Yesterday, Twitter's CEO publicly refused to show proof of <5%. 'My offer was based on Twitter's SEC filings being accurate,' Musk wrote. Musk, the world's richest man, claimed that 20 percent of Twitter accounts were 'fake/spam accounts' and that figure was '4 times what Twitter claims, could be *much* higher.' An audit has found that almost half of Biden's followers on Twitter are fake. US President Joe Biden delivers remarks during the National Peace Officers Memorial Service at the US Capitol in Washington, DC, on May 15, 2022.

Newsweek joe biden twitter