Musk puts Twitter deal 'on hold', says still committed to acquisition
San Francisco/New Delhi
13-May-2022
.webp)
Photo: IANS
After saying that he is putting $44 billion Twitter deal on hold till he gets to know how many fake or spam accounts are present on the platform, Tesla CEO Elon Musk on Friday said that he is still commited to the $44 billion acquisition.
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5 per cent of users," Musk said in a tweet to his over 92 million followers.
Twitter's share price plunged on the news of the deal being put on hold.
He later tweeted: "Still committed to acquisition".
His followers blasted the tweet, saying he has disturbed the platform, "pushing senior staff to resign and through doubts on its users".
"If Twitter collapses, it is on you," said one of his followers.
"Do something for actual people instead of buying Twitter," another posted.
Twitter 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.
Musk has signed a $44 billion deal to take over Twitter, of which he will pay $21 billion from his own pocket while the rest will come as a loan from a consortium of banks. - IANS
More Headlines
Layoffs despite startups being flush with funds leave workforce enraged
Senior nurses in Bengal to play doctors' role now in rural areas
YouTube Music tests letting users filter up next queue
Tech Mahindra inaugurates 5G innovation lab in US
Connected car apps stealing your data without consent, warn experts
Layoffs despite startups being flush with funds leave workforce enraged
Senior nurses in Bengal to play doctors' role now in rural areas
YouTube Music tests letting users filter up next queue
Tech Mahindra inaugurates 5G innovation lab in US
Connected car apps stealing your data without consent, warn experts