Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Cryptoknowmics 2022-05-13 10:56:06

Elon Musk Says Twitter Deal Temporarily on Hold

Tesla and SpaceX CEO Elon Musk says his deal to buy Twitter is “temporarily on hold” after the social network reported that false or spam accounts comprised less than 5 percent of its 226 million monetizable daily active users. Another Twist in the Twitter Deal Tweeting a link to a May 2nd Reuters report on Twitter’s filing, Elon Musk stated that he wants to see the company’s calculations. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” he wrote in his tweet. Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn — Elon Musk (@elonmusk) May 13, 2022 Twitter was worth about $35 billion as of Friday morning. Right after Musk’s tweet, the price of Twitter’s stock plunged more than 18 percent. The Tesla boss earlier said that if his acquisition went through one of his priorities would be to remove “spam bots” from the platform, alongside prioritizing free speech and open-sourcing the platform’s ranking algorithms. The company had earlier this month estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter.The post Elon Musk Says Twitter Deal Temporarily on Hold appeared first on Cryptoknowmics-Crypto News and Media Platform.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.