Why is Elon Musk backing out of his bid to purchase Twitter? A primary reason is due to fake accounts and the valuation of Twitter as a result of the actual account number. Twitter reports that fewer than 5% of accounts are fake, but Elon doesn't believe that. Elon estimates that number is 20-25%. What is the truth? SparkToro conducted a fresh analysis of 44,058 active Twitter accounts and determined that 19.42% fit a conservative definition of fake or spam accounts. We may never know the truth about how many fake Twitter accounts there are but we do know that