Musk puts Twitter deal 'on hold', says still committed to acquisition
Darpan News Desk IANS, 13 May, 2022 10:43 AM
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.
Two weeks ago the central bank raised its key interest rate a half point to one per cent and warned more rate hikes would be coming as it works toward an inflation target of two per cent.
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The vehicle, which is described as a newer model white Toyota Rav 4, was last seen northbound on Moody Ave. from East 11th Street. Police are appealing for anyone with dash cam or CCTV footage that may have captured the incident or the vehicle, to contact them.
The research published Monday in the Canadian Medical Association Journal found that vaccinated people who mix with those who are not vaccinated have a significantly greater chance of being infected than those who stick with people who have received the shot.
The report released by Defence Minister Anita Anand this morning also takes the military to task for not doing enough to address racism and discrimination over the past two decades.
Vancouver Fire and Rescue Services says in a news release that the body was located during demolition of the low-income hotel, destroyed by a blaze on April 11. In the days after the fire, the property manager had said it was believed all residents had escaped.
