Elon Musk puts Twitter deal temporarily on hold
March 28, 2023
  • Circulation
  • Advertise
  • Careers
  • About Us
  • Contact Us
Organiser
  • ‌
  • Bharat
  • World
  • G20
  • Editorial
  • Analysis
  • Opinion
  • Sports
  • More
    • Defence
    • RSS in News
    • Azadi Ka Amrit Mahotsav
    • My States
    • Vocal4Local
    • Business
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
SUBSCRIBE
No Result
View All Result
  • ‌
  • Bharat
  • World
  • G20
  • Editorial
  • Analysis
  • Opinion
  • Sports
  • More
    • Defence
    • RSS in News
    • Azadi Ka Amrit Mahotsav
    • My States
    • Vocal4Local
    • Business
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
No Result
View All Result
Organiser
No Result
View All Result
  • Home
  • Bharat
  • World
  • G20
  • Editorial
  • Opinion
  • Analysis
  • Culture
  • Defence
  • RSS in News
  • My States
  • Vocal4Local
  • Subscribe
Home World

Elon Musk puts Twitter deal temporarily on hold

"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5 per cent of users," he tweeted.

WEB DESK by WEB DESK
May 13, 2022, 05:13 pm IST
in World
Share on FacebookShare on TwitterTelegramEmail

Elon Musk, the billionaire, announced on Friday that the USD 44 billion plan to buy Twitter has been put on hold indefinitely due to pending specifics on spam and fraudulent accounts.

Musk, the world’s richest man and CEO of Tesla, announced on Friday that the agreement to buy the microblogging site had been placed on hold.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5 per cent of users,” he tweeted.

Along with his tweet, Musk also shared a Reuters piece. According to a report published by Reuters on May 2, Twitter estimated in a filing that fraudulent or spam accounts accounted for less than 5% of its monetizable daily active users in the first quarter.

In the first quarter, the social media business served advertising to 229 million users.

It also stated that until the deal with Musk is finalised, it faces various risks, including whether advertisers will continue to spend money on Twitter.

The news comes just days after Musk announced that one of his top priorities will be to eliminate “spam bots” from Twitter, which he purchased for USD 44 billion.

In premarket trade, shares of the social networking business plummeted 20%. Twitter has yet to comment on the situation.

Musk previously stated that removing “spam bots” from the network will be one of his top goals.

Topics: TwitterElon MuskWorldBusinessTwitter Takeover
Share4TweetSendShareSend
Previous News

Assam police recovered 54 cows; arrested 9 smugglers

Next News

President Kovind to pay visit to Jamaica & Saint Vincent and Grenadines

Related News

Mark Zuckerberg’s Meta planning to launch a rival to Elon Musk’s Twitter

Mark Zuckerberg’s Meta planning to launch a rival to Elon Musk’s Twitter

Covid 19 cases on rise: Daunting situation in China

Covid 19 cases on rise: Daunting situation in China

Elon Musk sued over Tesla’s ‘funding secured’ tweet by the shareholders

Elon Musk sued over Tesla’s ‘funding secured’ tweet by the shareholders

Amazon layoffs continue: Big tech company to slash over 18,000 jobs in 2023

Amazon layoffs continue: Big tech company to slash over 18,000 jobs in 2023

‘Twitter Files’: Elon Musk says US demanded suspension of 2.5 lakh Twitter accounts

‘Twitter Files’: Elon Musk says US demanded suspension of 2.5 lakh Twitter accounts

World governments and W.H.O must wake up to stop China from inhuman harvesting of human organs for transplant Business

World governments and W.H.O must wake up to stop China from inhuman harvesting of human organs for transplant Business

Comments

The comments posted here/below/in the given space are not on behalf of Organiser. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

How mindfulness activities can play important role in improving mental health

How mindfulness activities can play important role in improving mental health

Indo-Pacific: Decoding Japanese PM Fumio Kishida’s visit to India

Indo-Pacific: Decoding Japanese PM Fumio Kishida’s visit to India

Historic passing out parade of Navy’s first batch of Agniveers to be held on March 28 — Here’s all you need to know

Historic passing out parade of Navy’s first batch of Agniveers to be held on March 28 — Here’s all you need to know

Hinduphobia in the West: Hatred against Hindus on the rise

Hinduphobia in the West: Hatred against Hindus on the rise

Pakistan: Hindu girl forcefully converted to Islam by kidnapper Amir Nawaz, returned home saying ‘I am a Hindu’

Pakistan: Hindu girl forcefully converted to Islam by kidnapper Amir Nawaz, returned home saying ‘I am a Hindu’

Comedy Circus of ‘World Happiness Report’

Comedy Circus of ‘World Happiness Report’

Ram, Allah and Abdullah

Ram, Allah and Abdullah

Punjab: AAP Minister Balbir Singh convicted for 3 years in 2022 in assault case, but was not disqualified by Mann Govt

Punjab: AAP Minister Balbir Singh convicted for 3 years in 2022 in assault case, but was not disqualified by Mann Govt

Madhya Pradesh: Saint Mary’s principal Rafale Dialicisious sent to police custody after liquor and contraceptives recovered from his cabin

Madhya Pradesh: Saint Mary’s principal Rafale Dialicisious sent to police custody after liquor and contraceptives recovered from his cabin

Ramcharitmanas: A Symbol of Reforms

Ramcharitmanas: A Symbol of Reforms

  • Privacy
  • Terms
  • Cookie Policy
  • Refund and Cancellation
  • Delivery and Shipping

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Culture
  • Sports
  • Business
  • RSS in News
  • My States
  • Vocal4Local
  • Special Report
  • Sci & Tech
  • Entertainment
  • Education
  • Books
  • Interviews
  • Travel
  • Health
  • Obituary
  • Subscribe
  • Advertise
  • Circulation
  • Careers
  • About Us
  • Contact Us
  • Privacy Policy
  • Cookie Policy
  • Terms of Use
  • Refund and Cancellation

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies