tech king elon musk announced that it is “temporarily suspending” its purchase. excitementDetails are awaited fake account rate in the social network.
The controversial businessman linked to a Reuters report released May 2 that said the platform would notify United States tax authorities. spam accounts make up less than 5% of its active users Monetizable newspapers are something Musk wants to compare before proceeding with his acquisition operation.
“The deal on Twitter temporarily suspended “We await details to support the calculation that spam/fake accounts do indeed represent less than 5% of users,” he tweeted.
Could the deal fail?
This short statement, which did not provide further details, was enough to affect the markets. a) Yes, Shares of the company lost more than 23% in trades prior to the opening of the Wall Street exchange where it is traded. This decline shows investors’ fear that the acquisition deal will fail.
On April 25, the richest man on the planet reached a deal with the Twitter board to buy the bluebird social network for $44,000 million (about $41,000 million); this would be one of the largest acquisitions in your industry. Since then, Musk has worked to secure the finances to enable him to carry out the takeover. selling some of their shares tesla and ask for a loan to big banks.
Yet among analysts skepticism about whether this buying process will bear fruit and, if any, at the price determined in the contract. In this deal, Musk agreed to pay a $1 billion separation fee if he eventually gave up.
What will you do with Twitter?
The announcement of the purchase meant: big earthquake Silicon valleyAs it is unknown how Musk intends to shape the platform, the US’s technological mecca is one of the world’s most influential platforms in shaping public debate. Among the priorities set by the businessman is the removal of false and automatic accounts, better known as ‘bots’, from Twitter. He even stated that he wanted to “verify all people”, which could mean deleting anonymous accounts.
Musk has already made headlines by leaving this Tuesday. open door to return donald trump to the platform. The former US president’s account was permanently suspended in January 2021 after he incited his followers’ violent riots against the Capitol in Washington. At an event hosted by the ‘Financial Times’, Musk said, “I think it’s a morally bad decision to be open and outrageously stupid.” Said. “It was a mistake. It alienated a large part of the country and did not ultimately result in Trump’s inability to be heard.”