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Twitter shares plummet as Musk raises new doubts about acquisition

9 days ago   |   By The Verge

Illustration by Alex Castro / The Verge
Twitter shares plummeted Friday after new doubts about whether Elon Musk's planned $44 billion acquisition of the platform would go through. The share price dropped more than 10 percent at market open, trading as much as 14 points below the nominal acquisition price of $54.20 a share.
The proximate cause of the drop was a series of confusing statements from Musk, who tweeted that the deal was “temporarily on hold” pending an investigation into the total number of bot accounts on the platform. Twitter had claimed in a filing that bots compose less...
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Elon Musk Says His Twitter Buyout Is 'Temporarily on Hold'

Elon Musk Says His Twitter Buyout Is 'Temporarily on Hold'

10 days ago   |   By IGN

Tesla CEO Elon Musk has put his Twitter buyout "temporarily on hold" as claims that less that 5% of users on the platform are false or spam accounts are checked. Musk said in a tweet that the "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users". Musk has said that addressing the number of spam and bot accounts on Twitter would be one of his key priorities, but he now appears to be making sure there aren't too many of these non-monetizable accounts before the deal goes through. Twitter deal temporarily on...
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Elon Musk Says Twitter Deal Is "On Hold" Over Fake Account Details

Elon Musk Says Twitter Deal Is "On Hold" Over Fake Account Details

10 days ago   |   By Android Headlines

Elon Musk's $44 billion takeover of Twitter is “temporarily on hold,” the Tesla CEO announced earlier today. The multi-billionaire who inked a deal to buy the social network last month wants more information on the proportion of spam/fake accounts on the platform.
In a filing Monday, Twitter had stated that fake accounts comprise less than five percent of its monetizable daily active users during the first quarter of the year. So out of the reported 229 million average daily users during Q1 2022, only about 11 million accounts should be fake or spam.
But Elon Musk seemingly doesn't buy...
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Elon Musk says Twitter deal is 'temporarily on hold' but he's 'still committed'

10 days ago   |   By ZDnet

Billionaire says he needs details on the levels of spam and fake accounts on the social media site.
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Elon Musk's plan to buy Twitter has been put on hold

10 days ago   |   By AndroidPhoneFans

Last month, Tesla CEO Elon Musk made a surprising announcement that he would be acquiring Twitter. The deal was said to be worth $44 billion, and while we expect it might be a while before the deal is closed, Musk has since tweeted that it has since been put on hold. Now, given Musk's reputation, it's not surprising that many eyeballs are on this deal, both from the public and regulatory bodies, but it seems that this isn't the reason why the deal has been put on hold.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less...
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WeAre8 launches crowdfunder for its social media app, where users are paid to watch ads

WeAre8 launches crowdfunder for its social media app, where users are paid to watch ads

10 days ago   |   By TechCrunch

With Elon Musk's recent interest in Twitter, Facebook's growth flattening, and TikTok's meteoric rise, it feels like the world of social media is back into some kind of inflection point period. Consumers seem hungry to try out new platforms again, and entrepreneurs are delivering. Last year the Supernova app launched as a ‘ethical alternative to instagram'. Now a new social media startup - WeAre8 - hopes to literally pay consumers for their attention, and is even going out for a crowdfunding round of equity investment to prove it.
I would be as skeptical as anyone else that these startups...
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Twitter takeover temporarily on hold, says Elon Musk

Twitter takeover temporarily on hold, says Elon Musk

10 days ago   |   By The Mobile Indian

Tesla CEO on Friday said that the deal between him and Twitter where he's buying the platform for $44 billion is now on hold temporarily. The hiccup in the deal has taken place due to pending details from Twitter's side, regarding the spam/fake accounts on the microblogging platform. In a tweet, Musk said: “Twitter deal...
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Elon Musk: Twitter deal is on hold

Elon Musk: Twitter deal is on hold

10 days ago   |   By TechRadar

Elon Musk announced in a tweet that his $44 billion deal to buy Twitter is on hold, due to a report about spam accounts on the social network being fewer than previously thought. This is a breaking news story. We will be updating further.
Could the deal fall apart?
Elon announced on May 13 that a report has found that spam accounts make up for 5% of the total userbase on Twitter.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users May 13, 2022 See more
Due to this revelation, the deal has been put on...
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Elon Musk says his deal to buy Twitter is 'temporarily on hold'

10 days ago   |   By Engadget

Elon Musk's deal to buy Twitter is "temporarily on hold" pending confirmation that spam and fake accounts do represent less than 5 percent of users, he tweeted. Attached to the tweet was a Reuters link reporting that Twitter estimated in a regulatory filing that those types of accounts represented 5 percent of its monetizable daily active users during the first quarter of 2022. Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users - Elon Musk May 13, 2022 It appears that Musk may have some concerns about...
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Elon Musk says Twitter deal ‘temporarily on hold' over spam

10 days ago   |   By TechCrunch

Twitter staff must really be wishing for a quiet life... Elon Musk, the gadfly billionaire who recently decided he wants to add the social media platform to his collection of tech firms, has just tweeted that his $43BN bid to buy the company is “on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users”.
Given Musk's propensity for trolling it's pretty hard to know whether this is A) a serious concern that is B) actually putting the deal on hold because C) Musk is getting cold feet; or whether it's, D), an attempt to exploit the...
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Elon Musk says Twitter deal ‘on hold' after spam/fake account report

Elon Musk says Twitter deal ‘on hold' after spam/fake account report

10 days ago   |   By The Verge

Illustration by Kristen Radtke / The Verge; Getty Images
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. The Tesla CEO, who offered to buy twitter for $44 billion , tweeted a link to a May 2nd Reuters report on Twitter's filing.
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted.
The tweet represents the latest speedbump to hit...
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