Pressure is growing on Twitter’s chief executive Jack Dorsey to step down after it was alleged that up to 48m of its accounts — equal to 15% of its users — were robots not people.
Twitter was last week hit by a report from professors at the University of Southern California and the University of Indiana that estimated that as many as 15% of the social media site’s 319m users were not human. That is nearly twice the company’s own estimate that up to 8.5% of its accounts are managed by “bots”.
The charge is particularly damaging for Twitter because it is already struggling to convince advertisers to return to its platform. Dorsey, 40, is one of the site’s co-founders and returned as chief executive…
Investors in the U.K. aren’t the only ones that appear to be unhappy with Dorsey. Last week billionaire investor Chris Sacca, one of the social network’s earliest investors, said he “hates” Twitter’s stock and took issue with the fact that millions of Twitter’s accounts are bots. The investor hasn’t owned shares of Twitter for a couple of years, saying he “lost hope” after Twitter failed to bring back co-founder Evan Williams. “Love the service, hate the stock,” the host of ABC’s “Shark Tank” tweeted in response to a question from a fan.