Close X
Sunday, November 24, 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

Vancouver Police seek witnesses to serious South Vancouver collision

Vancouver Police seek witnesses to serious South Vancouver collision
As the driver of a Toyota Matrix was making a left turn on East 57th Avenue from Fraser Street, he was struck by the driver of a Honda CR-V that was travelling south on Fraser Street at around 9 p.m. on April 27. Investigators believe speed was the main cause of this collision.    

Vancouver Police seek witnesses to serious South Vancouver collision

ICBC changes its policy on seeking costs from cyclists and pedestrians​​

ICBC changes its policy on seeking costs from cyclists and pedestrians​​
Additionally, claims involving a cyclist or pedestrian who has suffered a non-severe injury will be carefully considered by a committee of experts. These changes mean that, moving forward, the instances of when ICBC may seek recovery from cyclists or pedestrians will be much more limited.

ICBC changes its policy on seeking costs from cyclists and pedestrians​​

Surrey high school teacher Jasmine Kaur disciplined for speaking harshly and telling the class a student was failing

Surrey high school teacher Jasmine Kaur disciplined for speaking harshly and telling the class a student was failing
High school teacher Jasmine Kaur, teaching at a Surrey School, the school's name being kept confidential, was teaching a Grade 8 science class on Oct. 28, 2021, when angrily yelled at a student identified only as “Student A,” whom Kaur felt was behaving disrespectfully. 

Surrey high school teacher Jasmine Kaur disciplined for speaking harshly and telling the class a student was failing

PM accused of using 'F-bomb' in House of Commons

PM accused of using 'F-bomb' in House of Commons
Much has been made of the political legacy Justin Trudeau has to live up to as he follows in the footsteps of his father, a former prime minister. On Wednesday, he invoked one of Pierre Elliott Trudeau's most memorable quips when asked whether he had uttered unparliamentary language.

PM accused of using 'F-bomb' in House of Commons

B.C., Alberta heat wave among most extreme: study

B.C., Alberta heat wave among most extreme: study
The study published Wednesday in the journal Science Advances found just five other heat waves since the 1960s were more extreme, based on how far they surpassed average summertime heat over the previous 10 years.

B.C., Alberta heat wave among most extreme: study

B.C. Opposition leader to focus on NDP's problems

B.C. Opposition leader to focus on NDP's problems
Kevin Falcon was elected Liberal leader earlier this year and won a byelection in the Vancouver-Quilchena riding over the weekend. Falcon says he'll pressure the NDP for answers on its failures to address crime in urban centres, doctor shortages, increasing health-care wait times and rising home, fuel and food costs.

B.C. Opposition leader to focus on NDP's problems