Close Menu
  • Home
  • Celebrity Gossip
  • Watch Celebrity Videos
  • Funny Shirts
  • Newsletter
Facebook X (Twitter) Instagram
Mad Celebs
  • Home
  • Celebrity Gossip
  • Watch Celebrity Videos
  • Funny Shirts
  • Newsletter
Mad Celebs
Home»Celebrity Gossip»Elon’s not the only one with doubts, Disney CEO backed out of buying Twitter for ‘Substantial’ reason

Elon’s not the only one with doubts, Disney CEO backed out of buying Twitter for ‘Substantial’ reason

By jonsteeleSeptember 8, 2022Updated:June 16, 2023 Celebrity Gossip
Share
Facebook Twitter Email

The excuse used by Tesla CEO Elon Musk in his attempt to renege on his $44 billion deal to buy Twitter due to an excessive number of bots is gaining momentum. First came the claims of the Twitter whistleblower. Then, Robert Iger, who served as the CEO of The Walt Disney Company between 2005 and 2020, came out with more details. He revealed that Disney determined that a large proportion of Twitter users were “not real” when the entertainment giant considered purchasing the social network in 2016.

Bots are a piece of important information mentioned by Iger, something that he didn’t talk about before. This caught the attention of Elon Musk. Negotiations were in the works between the boards of Walt Disney Co (DIS.N) and Twitter Inc (TWTR.N), Iger said, until it stopped. According to him, Disney, with Twitter’s help, learned that “a substantial portion – not the majority -” of users were fake. In remarks in Beverly Hills, California, Iger said, “I remember discounting the value as a result.”

Iger did not clarify specifically the meaning of “substantial.” He said: “I don’t remember the number, but we discounted the value heavily. But that was built into our economics. Actually, the deal that we had was pretty cheap,” according to Gizmodo.

Iger wrote in his memoir, “The Ride of a Lifetime,” that he was concerned about a Twitter partnership due to what he described as the nastiness of Twitter, which could distract people. “Interestingly enough, because I read the news these days, we did look very carefully at all of the Twitter users—I guess they’re called users?—and we at that point estimated with some of Twitter’s help that a substantial portion, not a majority, were not real,” Iger detailed.

As for Musk, the ever-active Twitter user, he wrote a tweet about the former Disney CEO’s remarks. “Interesting…,” he said in a tweet. The comments from Iger are coming in the midst of a legal battle involving Elon Musk and Twitter over the billionaire entrepreneur’s deal to buy the social media company for $44 billion. Twitter misrepresented the prevalence of spam or bot accounts on its platform, according to Musk, who is trying to back out of the deal. For the past several months, Twitter has reported that less than 5 percent of its daily active users are considered bots or spam accounts.

So, this is definitely good news for Musk and his team, who claim that Twitter lied about the number of bots on its platform. The only difference between Iger and Musk was that Iger didn’t sign a binding contract nor did he publicly announce that he was buying Twitter as Musk did. Disney has never made it official or signed an acquisition agreement.

Recently, Twitter whistleblower Peiter Zatko, the company’s former chief security officer, filed a complaint with the Securities and Exchange Commission alleging that Twitter had not shown any interest in knowing how many bots it has. Iger’s new information about the platform’s bots comes just over a week after that.

Musk and his team were given permission by Delaware Chancellor Kathaleen St. Jude McCormick to add Zatko’s whistleblower complaint to the case.

Share. Facebook Twitter Email

Related Posts

Adidas and Beyonce part ways after failed clothing line suffers sloping sales

September 16, 2023

“62 million views isn’t bad for a multi-cancelled has been”: Roseanne Barr is BACK

July 7, 2023

‘We got a new man…’: Whoopi Goldberg announces newest member of ‘The View’

June 22, 2023
RSS Food Blog
  • Got farted on at the gym, so naturally I cooked garlic butter steak and rice to make up for it
  • AXO in NJ has Tacos, Queso Fundido, and Birria Ramen, but the chili oil had me sweatin’
  • There’s only three places I’d get garlic crabs from in Philly/South Jersey and here they are
  • Jo Koy’s perfect rice method DOES work in the cooker, I just screwed it up so bad
  • Gordon Ramsay wasn’t kidding about the one ingredient to make perfect scrambled eggs
RSS Sports Blog
  • Browns sign 38-year-old QB Joe Flacco; Jets fly with Tim Boyle, who has sucked his whole career
  • “THISmas”: Some company just put out the worst Christmas ad ever, and I’m shaking my head so hard it may fall off
  • Atlanta will host 2025 MLB All-Star Game, years after it was moved out of town thanks to politics
  • Rep. George Santos allegedly spent campaign funds on OnlyFans and Botox and I can’t stop laughing
  • This guy’s workout video is insane and a little bit terrifying, but I’m impressed
  • YouTubers who harass people in public belong in JAIL
  • Bud Light allegedly paid $185,000 for the worst marketing disaster I’ve ever seen
  • The Rock backtracks when asked: “Do you really have friends who support Biden?”
  • Browns Deshaun Watson to have season ending surgery. I wonder if he gets a massage to help him recover
  • We finally have a news story where saying BYE FELICIA is appropriate and I can’t believe what happened
RSS Gaming Blog
  • GTA 6 voice actor may be hinting at a reveal coming soon (video)
  • A summary of the Grand Theft Auto game series
  • A Halo game series history summary
  • Cain, the dog from Red Dead Redemption 2, passed away in real life
  • Gaming company Electronic Arts disappoints ‘woke’ crowd, refuses to speak out on every progressive topic
  • Playstation says they’re working on competitor to Xbox Game Pass
  • 343 Industries Head of Creative reveals Halo Infinite multiplayer to get new weapons
  • Here’s how BOTS are ruining your chances of getting a Playstation 5 console
  • Rockstar takes this one on the chin, apologizes for disastrous release of GTA Trilogy
  • Halo Infinite Campaign co-op and Forge face delays until NEXT YEAR
Facebook
© 2023 Mad Celebs | A Top Celebrity Blog full of Hollywood Drama and Crazy Celebrity News

Type above and press Enter to search. Press Esc to cancel.