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Musk's own commissioned analyses, revealed in Delaware court filings, undercut the claim: CounterAction estimated bots at 5.3% of users (90% confidence) and Cyabra at ~11% — not 20%+, let alone 'much higher'. Twitter's lawyers noted neither analysis supported his position, and Musk abandoned the legal fight and closed the deal at the full $44 billion price on October 27, 2022. CNN — The bot analyses Musk commissioned in his fight with Twitter ↗
The '20% fake/spam accounts... could be *much* higher' tweet of May 17, 2022 was the centerpiece of Musk's attempt to renegotiate or escape his $44 billion Twitter acquisition. When his own experts' estimates (5.3-11%) surfaced in the Delaware Chancery litigation, the claim collapsed and he closed at full price in October 2022. The bot-percentage fight remains one of the most consequential disputed claims of the Twitter saga.
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