Close X
Sunday, February 16, 2025
ADVT 
National

Musk puts Twitter deal 'on hold', says still committed to acquisition

Darpan News Desk IANS, 13 May, 2022 10:43 AM
  • Musk puts Twitter deal 'on hold', says still committed to acquisition

San Francisco/New Delhi, May 13 (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.

Photo courtesy of Instagram. 

MORE National ARTICLES

Canadian accused of naked dance at Bali site

Canadian accused of naked dance at Bali site
A translated news release from the Indonesian Ministry of Law and Human Rights says 33-year-old Jeffrey Douglas Craigen is accused of making an "immoral video at Batur Mountain," which strongly violates Balinese culture.

Canadian accused of naked dance at Bali site

Hospitals watching for kids' liver disease: Henry

Hospitals watching for kids' liver disease: Henry
Dr. Bonnie Henry says none of the possible cases of severe acute hepatitis, or liver inflammation, are in British Columbia, but it isn't her place to identify where they are or exactly how many.

Hospitals watching for kids' liver disease: Henry

Man dies in Maple Ridge shooting, IHIT investigating

Man dies in Maple Ridge shooting, IHIT investigating
Frontline officers arrived on scene to find an injured man suffering from alleged gunshot wounds. An off-duty Vancouver Police officer and an off-duty nurse were on scene attempting life saving measures on the man, who died on scene. It is unknown if this is related to the Lower Mainland gang conflict.

Man dies in Maple Ridge shooting, IHIT investigating

16 year old at New Westminster high school assaulted with 'blunt force weapon'

16 year old at New Westminster high school assaulted with 'blunt force weapon'
Patrol members located a 16 year old victim receiving medical treated by school staff. The youth was transported to a local area hospital for treatment of his injuries which included a significant laceration to his head, and suspected concussion and broken arm.

16 year old at New Westminster high school assaulted with 'blunt force weapon'

Moderna preps to seek shot approval for young kids

Moderna preps to seek shot approval for young kids
Moderna says it's working on a submission to Health Canada for the approval a COVID-19 vaccine for children under the age of six. The biotech company on Thursday asked U.S. regulators to authorize low doses of its vaccine for children between six months and five years of age.

Moderna preps to seek shot approval for young kids

Day of Mourning commemorates fallen workers

Day of Mourning commemorates fallen workers
Today over a dozen ceremonies resumed in person, after holding virtual ceremonies for the past two years due to the COVID-19 pandemic. The Vancouver ceremony is at Jack Poole Plaza starting at 10:30 a.m. and is jointly hosted by the B.C. Federation of Labour, the Business Council of British Columbia, Vancouver & District Labour Council, and WorkSafeBC.

Day of Mourning commemorates fallen workers