News Karnataka
Wednesday, October 05 2022

Musk puts Twitter deal ‘on hold’ over fake user accounts

Musk puts Twitter deal on hold over fake user accounts
Photo Credit : IANS

San Francisco/New Delhi: In a stunning post, Tesla CEO Elon Musk on Friday said that he has put the $44 billion Twitter deal temporarily on hold till he gets to know how many fake or spam accounts are present on the micro-blogging platform.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5 per cent of users,” he said in a tweet to his over 92 million followers.

The micro-blogging platform’s share price plunged 19 per cent on the news of the deal being put on hold.

Musk posted a link of an earlier Reuters’ story that reported that Twitter estimates spam, fake accounts comprise less than 5 per cent of users.

It estimated in a filing earlier this week that false or spam accounts represented fewer than 5 per cent of its monetisable daily active users during the first quarter.

The micro-blogging platform had 229 million users in the first quarter.

The Tesla CEO has signed a $44 billion deal to take over the platform, of which he will pay $21 billion from his own pocket while the rest will come as a loan from a consortium of banks.

Musk relaxing Twitter rules will not help free speech: Study

Twitter staff may face extreme workloads if Musk takes over

How Twitter’s Edit button will work – after pushing by Musk

Twitter users in Business, govt to pay a ‘slight fee’: Musk

After igniting Twitter, Musk says he has no politics

Share this:
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp