• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Elon Musk says Twitter deal on hold pending details on fake accounts

Elon Musk says Twitter deal on hold pending details on fake accounts

May 13, 2022
Employers ‘disappointed’ in health plan performances, study finds

Employers ‘disappointed’ in health plan performances, study finds

January 26, 2023
No Labels Party becomes Colorado’s latest official political party

No Labels Party becomes Colorado’s latest official political party

January 26, 2023
TikTok’s New Defense in Washington: Going on the Offense

TikTok’s New Defense in Washington: Going on the Offense

January 26, 2023
Budget traveling: World travelers share 3 tips for seeing the world on the cheap

Budget traveling: World travelers share 3 tips for seeing the world on the cheap

January 26, 2023
Track & Field Set to Host Penn State National Open

Track & Field Set to Host Penn State National Open

January 26, 2023
NH Dems seek to limit ‘education freedom accounts’

NH Dems seek to limit ‘education freedom accounts’

January 26, 2023
Dearborn’s health department wants to make access to services easier

Dearborn’s health department wants to make access to services easier

January 26, 2023
Southgate considered resigning as England manager before World Cup

Southgate considered resigning as England manager before World Cup

January 26, 2023
Schiff seeks Senate seat, FBI takes on ransomware gang

Schiff seeks Senate seat, FBI takes on ransomware gang

January 26, 2023
Texas Education Agency denies reapproval for Houston special education school Avondale House, adding strain to underfunded system

Texas Education Agency denies reapproval for Houston special education school Avondale House, adding strain to underfunded system

January 26, 2023
Municipal Police Training Committee Commemorates National Human Trafficking Prevention Month with Specialized Trainings

Municipal Police Training Committee Commemorates National Human Trafficking Prevention Month with Specialized Trainings

January 26, 2023
U.S. says it ‘hacked the hackers’ to bring down ransomware gang, helping 300 victims

U.S. says it ‘hacked the hackers’ to bring down ransomware gang, helping 300 victims

January 26, 2023
Thursday, January 26, 2023
News Today
  • Home
  • World
  • Politics
  • Health
  • Education
  • National
  • News
No Result
View All Result
News Today
No Result
View All Result
Home News

Elon Musk says Twitter deal on hold pending details on fake accounts

by newstoday
May 13, 2022
in News
0
Elon Musk says Twitter deal on hold pending details on fake accounts
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019.

Bloomberg /Getty

Elon Musk announced Friday that his Twitter deal is on hold until he receives more information about how many fake accounts there are on the social media platform.

Twitter’s stock plummeted 18% following the announcement. A spokesperson for Twitter did not immediately respond to a CNBC request for comment.

Tesla CEO Musk announced last month that he intends to buy Twitter for $44 billion and he’s previously tweeted that one of his main priorities would be to remove “spam bots” from the platform.

Even before Friday’s announcement, the company’s market value had fallen to $9 billion beneath the offer price due to concerns about the deal.

Twitter estimated in a filing earlier this month that fewer than 5% of its monetizable daily active users during the first quarter were bots or spam accounts.

Musk, who is the world’s richest person on paper, now wants the company to confirm this before he continues with the deal, which is being partly funded by Oracle founder Larry Ellison and venture capital firm Andreessen Horowitz.

The San Francisco-headquartered social media firm said in the filing that it had 229 million users in the first quarter who were served advertising.



Source link

Share196Tweet123Share49
newstoday

newstoday

  • Trending
  • Comments
  • Latest
Stay away from S.F. national parks, police union says. Here’s what’s behind the warning

Stay away from S.F. national parks, police union says. Here’s what’s behind the warning

May 25, 2022
Gallaudet University Track Star Becomes School’s First National Champ – NBC4 Washington

Cornyn likens overrule of Roe v. Wade to Brown v. Board of Education in tweet

June 26, 2022
John Cornyn tweet about Brown v. Board of Education goes viral

John Cornyn tweet about Brown v. Board of Education goes viral

June 25, 2022
African diplomats protest alleged begins racism and inhumane clinical treat

Coronavirus: France deaths at city 14,400 ahead Macron lockdown

0
Police investigating fatal shooting in southeast

Police investigating fatal shooting in southeast

0
African diplomats protest alleged begins racism and inhumane clinical treat

Prince Harry drops royal surname after moving

0
Employers ‘disappointed’ in health plan performances, study finds

Employers ‘disappointed’ in health plan performances, study finds

January 26, 2023
No Labels Party becomes Colorado’s latest official political party

No Labels Party becomes Colorado’s latest official political party

January 26, 2023
TikTok’s New Defense in Washington: Going on the Offense

TikTok’s New Defense in Washington: Going on the Offense

January 26, 2023
News Today

Copyright © 2022 NewsToday.

Navigate Site

  • Home
  • About us
  • Contact us
  • DMCA
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

Copyright © 2022 NewsToday.