Close X
Wednesday, November 27, 2024
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

No relief at the pumps with gas hitting the $2 mark

No relief at the pumps with gas hitting the $2 mark
That's a jump of almost 20 cents per litre in barely one week and Dan McTeague with Canadians for Affordable Energy says the war in Ukraine is a key reason.    

No relief at the pumps with gas hitting the $2 mark

Trudeau heads to Europe to meet allies amid fallout from Russia's invasion of Ukraine

Trudeau heads to Europe to meet allies amid fallout from Russia's invasion of Ukraine
Trudeau will spend next week in meetings in London, Berlin, Riga, Latvia and Warsaw, Poland, saying he is joining partners to stand against Moscow’s aggression.

Trudeau heads to Europe to meet allies amid fallout from Russia's invasion of Ukraine

Charges laid against 26 year old for Surrey shooting

Charges laid against 26 year old for Surrey shooting
Surrey RCMP Serious Crime Unit took conduct of the investigation and identified a possible suspect early on. In March 2020, a search warrant was executed on the suspect’s residence. The suspect was arrested and later released while the investigation continued.

Charges laid against 26 year old for Surrey shooting

Allen Schoenborn man who killed his 3 children, granted unescorted leave

Allen Schoenborn man who killed his 3 children, granted unescorted leave
The lawyer for Allen Schoenborn has told the B-C review board during an annual hearing that his client has been on a "generally positive trajectory" since being granted day leave.

Allen Schoenborn man who killed his 3 children, granted unescorted leave

Crown has failed to prove its case beyond a reasonable doubt at the trial of former clerk

Crown has failed to prove its case beyond a reasonable doubt at the trial of former clerk
Lawyer Gavin Cameron continued his closing arguments for a second day in B-C Supreme Court. James was charged with fraud and breach of trust based on allegations of misspending.    

Crown has failed to prove its case beyond a reasonable doubt at the trial of former clerk

Premier Horgan not concerned that BC will face major costs with Canada's sanctions against Russia

Premier Horgan not concerned that BC will face major costs with Canada's sanctions against Russia
Horgan says he supports the federal government's decision to impose a 35 per cent tariff on Russian and Belarus exports to Canada. The move has potential economic consequences for B-C sectors that rely on Russian products, including major construction projects that use Russian steel.

Premier Horgan not concerned that BC will face major costs with Canada's sanctions against Russia