In a filing on Monday, Twitter Inc estimated that bogus or spam accounts accounted for less than 5% of its monetizable daily active users during the first quarter. In the first quarter, the social media business offered advertising to 229 million users.

The announcement comes only days after Tesla CEO Elon Musk, who has agreed to buy Twitter for $44 billion (about Rs. 3,37,000 crore), stated that one of his first goals would be to eliminate “spam bots” from the platform.

Twitter said in the filing it faced several risks until the deal with Musk is closed, such as whether advertisers would continue to spend on Twitter and “potential uncertainty regarding our future plans and strategy.”

Meanwhile, in his recent statement, Musk said he wants to expand the reach of Twitter beyond the current “niche” until most Americans use the social media platform. He told reporters gathered on the red carpet at the annual Met Gala in New York that an important measure of success would be whether Twitter could expand its audience significantly.

“Right now, it’s sort of niche. I want a much bigger percentage of the country to be on it, engaging in dialogue,” said Musk,  who attended the celebrity-studded event with his model mother Maye Musk, remarked

According to the company’s most recent earnings report, Twitter has over 40 million daily active users in the United States.

Musk stated that he wants the platform to be “as broadly inclusive as possible, where ideally most of America is on it and talking,” as well as trustworthy as possible.

The billionaire also stated that he would make Twitter clear about how tweets are promoted or downgraded and that its software will be open to public criticism.

When asked about a potential employee departure, Musk remarked, “It’s a free country.”

“Certainly, if anyone doesn’t feel comfortable with that, they will on their own accord go somewhere else. That’s fine,” he said.

For the latest Sci-Tech News Follow BOL News on Google News. Read more on Latest Sci-Tech News on oldsite.bolnews.com