<p>Billionaire Elon Musk's chaotic buyout bid is responsible for disappointing results on "headwinds", according to Twitter.</p>

<p>The social media giant, which is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from a $44 billion deal to purchase the platform, experienced a surprise fall in quarterly revenue and a net loss.</p>

<p>Many companies like Twitter that rely heavily on ads are suffering from a decrease in advertisers' budgets in the current context of tightening credit conditions and economic turbulence.</p>

<p>Twitter, which is now preparing for a legal showdown in a trial set to begin in October, sued Musk for dropping his offer to buy the company.</p>

<p>According to Refinitiv IBES data, Twitter's advertising revenue missed Wall Street expectations of $1.22 billion and rose just 2 per cent to $1.08 billion.</p>

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<p>Twitter and Musk are clashing regarding the bot and spam accounts which according to the San Francisco-based company represented fewer than 5 per cent of users during the quarter.</p>

<p>Musk has argued that the number is much higher and accused Twitter of concealing data as the figure reported by the company has repeated since 2013.</p>

<p>Citing the "pending acquisition" by Musk, Twitter said it would not issue a shareholder letter or hold an earnings conference call or provide financial guidance.</p>

<p>While Twitter's severance-related costs were $19 million, expenses related to the Musk deal totaled $33 million during the quarter.</p>

<p>Following Chief Executive Parag Agrawal's instruction of cutting costs the social networking platform rescinded some job offers to new hires in May.</p>

<p><em>(With inputs from agencies)</em></p>

<p><strong>Watch WION's live TV here:</strong></p>

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Billionaire Elon Musk's chaotic buyout bid is responsible for disappointing results on "headwinds", according to Twitter. The social media giant, which is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from a $44 billion deal to purchase the platform, experienced a surprise fall in quarterly revenue and a net loss.

Billionaire Elon Musk's chaotic buyout bid is responsible for disappointing results on "headwinds", according to Twitter. The social media giant, which is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from a $44 billion deal to purchase the platform, experienced a surprise fall in quarterly revenue and a net loss. Many companies like Twitter that rely heavily on ads are suffering from a decrease in advertisers' budgets in the current context of tightening credit conditions and economic turbulence. Twitter, which is now preparing for a legal showdown in a trial set to begin in October, sued Musk for dropping his offer to buy the company. According to Refinitiv IBES data, Twitter's advertising revenue missed Wall Street expectations of $1.22 billion and rose just 2 per cent to $1.08 billion. × Twitter and Musk are clashing regarding the bot and spam accounts which according to the San Francisco-based company represented fewer than 5 per cent of users during the quarter. Musk has argued that the number is much higher and accused Twitter of concealing data as the figure reported by the company has repeated since 2013. Citing the "pending acquisition" by Musk, Twitter said it would not issue a shareholder letter or hold an earnings conference call or provide financial guidance. While Twitter's severance-related costs were $19 million, expenses related to the Musk deal totaled $33 million during the quarter. Following Chief Executive Parag Agrawal's instruction of cutting costs the social networking platform rescinded some job offers to new hires in May. (With inputs from agencies) Watch WION's live TV here: ×

Elon Musk's chaotic buyout bid responsible for headwinds, says Twitter

<p>With the lawsuit between social media giant Twitter and billionaire Elon Musk heating up, experts believe that the technology that can act as deciding factor in the battle is bots.</p>

<p>Twitter sued Tesla CEO Elon Musk after he backed away from his $44 billion offer to buy the company.&nbsp;</p>

<p>Musk, who is the world's richest man, said he was provided a fake tally of fake or spam accounts.</p>

<p>Bots, which are ubiquitous and often unloved technology, could prove to be a vital factor in the lawsuit as per analysts.</p>

<p>With the aim of emulating how people behave, bots are software programs that do automated tasks online.</p>

<p><strong>Also see |&nbsp;<a href="https://www.wionews.com/photos/what-happens-next-in-the-musk-twitter-saga-496703">What happens next in the Musk-Twitter saga?</a></strong></p>

<p>From a ban on posting about hot topics to trying to influence online conversations, Twitter has strict policies in place about automated actions by accounts.</p>

<p>While Twitter has claimed that bots are less than five percent of users on its platform, Musk believes that the platform made "false and misleading representations" about bots.</p>

<p>Due to the determination of the tally in part by Twitter's internal definitions and the workers who apply the rules, ascertaining the number of bots on the site is a bit of an art.</p>

<p>Bot weeding process, which includes checking IP or email address or other sensitive user data, can be tricky for an outsider like Musk to confirm.</p>

<p>With its tricky, detailed and case-by-case aspects, speculation has mounted that the bot issue is just a convenient route for Musk to abandon or renegotiate his proposal.<br />
&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>

<p><strong>Watch WION's live TV here:</strong></p>

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With the lawsuit between social media giant Twitter and billionaire Elon Musk heating up, experts believe that the technology that can act as deciding factor in the battle is bots.

With the lawsuit between social media giant Twitter and billionaire Elon Musk heating up, experts believe that the technology that can act as deciding factor in the battle is bots. Twitter sued Tesla CEO Elon Musk after he backed away from his $44 billion offer to buy the company. Musk, who is the world's richest man, said he was provided a fake tally of fake or spam accounts. Bots, which are ubiquitous and often unloved technology, could prove to be a vital factor in the lawsuit as per analysts. With the aim of emulating how people behave, bots are software programs that do automated tasks online. Also see | What happens next in the Musk-Twitter saga? From a ban on posting about hot topics to trying to influence online conversations, Twitter has strict policies in place about automated actions by accounts. While Twitter has claimed that bots are less than five percent of users on its platform, Musk believes that the platform made "false and misleading representations" about bots. Due to the determination of the tally in part by Twitter's internal definitions and the workers who apply the rules, ascertaining the number of bots on the site is a bit of an art. Bot weeding process, which includes checking IP or email address or other sensitive user data, can be tricky for an outsider like Musk to confirm. With its tricky, detailed and case-by-case aspects, speculation has mounted that the bot issue is just a convenient route for Musk to abandon or renegotiate his proposal. (With inputs from agencies) Watch WION's live TV here:

What is the technology that can act as deciding factor in Twitter-Musk lawsuit?

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Elon Musk's chaotic buyout bid responsible for headwinds, says Twitter

What is the technology that can act as deciding factor in Twitter-Musk lawsuit?