the staff of the Ridgewood blog
Jack Dorsey has left the board of Twitter. Dorsey resigned from his CEO position last fall. He is friendly with Elon Musk and has discussed rolling over his 2.4% ownership stake in Twitter into Musk’s takeover deal. Dorsey’s next move remains unclear.
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Twitter has come under a microscope over “Fake” accounts and news manipulation. Nearly half of President Biden’s 22.2 million Twitter followers are bogus, a new audit revealed.
The audit, which was done for the social media giant by software firm SparkToro, found that 49.3% of the president’s followers are “fake followers,” according to Newsweek and more than 23% of Elon Musk’s Twitter followers are spam or fake accounts .
SparkToro has defined “fake followers” as “accounts that are unreachable and will not see the account’s tweets (either because they’re spam, bots, propaganda, etc. or because they’re no longer active on Twitter).”
Tesla CEO Elon Musk, who is attempting to buy Twitter, has expressed concern over the growing number of fake accounts and proposed a potential crackdown on the sham accounts.
Musk said he believes that 20% of all Twitter accounts are fake and vowed to not go through with his $44 billion purchase of the social media giant until the issue is resolved.
“My offer was based on Twitter’s SEC filings being accurate,” Musk said.