Elon Musk criticizes YouTube for “constant fraudulent advertising”

On June 7, Elon Musk criticized YouTube for its “fraudulent advertising”, sparking rumors of a second potential acquisition after the Twitter story.

The billionaire criticized Google in recent Twitter posts on Tuesday, which included a meme ridiculing what he sees as double standards in video site practice: turning a blind eye to fraudulent advertising while taking a hard line on swearing on the platform.

“YouTube does not allow spam, fraud or other fraudulent activities that the YouTube community uses to its advantage,” the company said in a statement. “We also do not allow content whose main purpose is to trick others into leaving YouTube for another site.”

The scammers targeted Mask’s subscribers. According to Tenable, a cybersecurity company, a series of cryptocurrency frauds took place on the platform in May 2021 before the founder of Tesla and SpaceX appeared on the Saturday Night Live program, leading to the theft of more than $ 9 million. Fraudsters promoted a counterfeit digital coin SpaceX, allegedly created by Mask.

Mask’s last two posts sparked a debate on Twitter, as users, including conservative comedian Stephen Crowder, suggested a possible takeover of YouTube, citing his initial attacks on Twitter before making a purchase offer.

“Please buy YouTube and return it to its former glory in 2016,” political commentator Lauren Chen wrote in response.

Musk, meanwhile, accused Twitter of “resisting and obstructing” the ability to obtain information about bot accounts on the social network’s website, calling it a “violation” of the terms of their previous agreement.

It was then, in April, that Twitter approved Mask’s $ 44 billion offer to buy the company for $ 54.20 per share. The billionaire later said the deal was “temporarily suspended” until he received full information about spam and fake accounts, but he was “still set up to buy.”

“My suggestion was that Twitter documents submitted to the US Securities and Exchange Commission be accurate,” Musk wrote on Twitter on May 17. “The CEO of Twitter has publicly refused to provide evidence of <5%. This agreement cannot move forward until it does so. “

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