Breaking News Today
No Result
View All Result
Tuesday, May 17, 2022
  • Login
  • Home
  • News
    • Europe
    • United States
    • Asia
    • Australia
    • Middle East
    • Africa
  • Trending
  • Politics
  • Business
  • Finance
  • Tech
  • More
    • Climate
    • Health
    • Lifestyle
    • Sports
No Result
View All Result
Breaking News Today
  • Home
  • News
    • Europe
    • United States
    • Asia
    • Australia
    • Middle East
    • Africa
  • Trending
  • Politics
  • Business
  • Finance
  • Tech
  • More
    • Climate
    • Health
    • Lifestyle
    • Sports
No Result
View All Result
Breaking News Today
No Result
View All Result
Home Business

Elon Musk says Twitter takeover bid now on hold due to fake accounts

by News Room
May 13, 2022
in Business
Share on FacebookShare on Twitter

Elon Musk said the Twitter deal is on hold until he receives more information about how many fake accounts are on the platform, he said in a Tweet on Friday. But he later posted on the platform that he was “still committed to the 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 tweeted.

Musk, the CEO of Tesla and SpaceX, announced in late April he planned a $44 billion (€41.05 billion) purchase of Twitter.

As part of his pitch to buy Twitter he has made cutting down on the amount of “spam and scam bots” and “bot armies” key to his purchase. 

He also said he would prioritise free speech and reinstate former US president Doland Trump’s Twitter account, which has caused controversy.

He has also said he is in favour of open-sourcing the platform’s ranking algorithms.

Twitter’s stock plummeted 19 per cent following Friday’s announcement.

The social media giant said in a recent earnings report it had overcounted its daily users for three years. 

Twitter said it was due to a technical error, which lead it to counting multiple accounts as active even though it was tied to a single user.

Twitter said it overstated quarterly user numbers by about 1.5 million between the fourth quarter of 2020 to the end of 2021 and also overstated the figures in 2019, but was unable to provide data.

Twitter initially announced a so-called “poison pill” measure to prevent the purchase, before eventually accepting the buyout.

Euronews Next has reached out to Twitter for a reaction but has yet to receive a reply.

Source: Euro News

Tags: Elon MuskNewsSocial MediaTechnologyTwitter

Related Posts

Business

‘Rossgram’: Russia to launch own app after Instagram access blocked

May 16, 2022
Business

Sisters doing it for themselves: this nun built her own power plant

May 16, 2022
Business

What are the Switchblade ‘suicide drones’ boosting Ukraine’s arsenal?

May 16, 2022
Business

FTX’s chief says Bitcoin has no future as a payments network: FT

May 16, 2022
Business

Stunning pictures as stargazers enjoy super blood moon

May 16, 2022
Business

Bitcoin slides below $30,000 wiping away post-Terra Luna crash gains

May 16, 2022
  • Trending
  • Comments
  • Latest

New Covid variant could be to blame for kids’ hepatitis outbreak, experts warn

May 4, 2022

Poundland is selling a fire pit ahead of heatwave – and it’s cheaper than Asda

May 14, 2022

Find out about Malcolm MacDonald

May 3, 2022

What is Themis Ecosystem™? The Founder Roberto Hroval Explains

October 13, 2021

War in Ukraine: first evacuations of Ukrainian soldiers from the Mariupol Azovstal factory

The UAE adopts October 29 as a programming day

Apple does not plan to release the iPad Air with an OLED screen

Turn off ProMotion feature on iPhone 13 Pro

War in Ukraine: first evacuations of Ukrainian soldiers from the Mariupol Azovstal factory

May 17, 2022

I’m a first aider – here’s 17 household items that can poison your toddler

May 17, 2022

Shock over ‘horror’ flat up for rent where toilet is inches away from ‘kitchen’

May 17, 2022

Shocking moment neighbour from hell launches bricks over fence of £1m home

May 17, 2022

Latest News

Europe

War in Ukraine: first evacuations of Ukrainian soldiers from the Mariupol Azovstal factory

May 17, 2022
Health

I’m a first aider – here’s 17 household items that can poison your toddler

May 17, 2022
Finance

Shock over ‘horror’ flat up for rent where toilet is inches away from ‘kitchen’

May 17, 2022
Europe

Shocking moment neighbour from hell launches bricks over fence of £1m home

May 17, 2022
Asia

US warns against inadvertently hiring North Korean IT workers

May 17, 2022
Europe

“The Donbass today is the Somme in 1915”: in Ukraine, the battle of the shells

May 17, 2022

Recent News

War in Ukraine: first evacuations of Ukrainian soldiers from the Mariupol Azovstal factory

May 17, 2022

I’m a first aider – here’s 17 household items that can poison your toddler

May 17, 2022

Categories

  • Asia
  • Business
  • Climate
  • Europe
  • Finance
  • Health
  • Latest
  • Lifestyle
  • News
  • Politics
  • Sports
  • Tech
  • Trending
  • United States

Topics

2022 Midterm elections Business China Congress COVID-19 Donald Trump Elections Europe Health Joe Biden Russia Russia-Ukraine invasion Russia-Ukraine war Technology United States
Breaking News Today

Breaking News Today is your best, one-stop stay for all your news, articles, blogs, videos, and photographs from domestic to international affairs, politics, economy, money and stocks, and more.

  • About
  • Privacy Policy
  • Terms & Conditions
  • Contact

© 2022 All rights Reserved - Blue Planet Global Media Network

No Result
View All Result
  • Home
  • Trending
  • News
  • Europe
  • United States
  • Asia
  • Australia
  • Middle East
  • Africa
  • Business
  • Politics
  • Finance
  • Tech
  • Climate
  • Health
  • Lifestyle
  • Sports

© 2022 All rights Reserved - Blue Planet Global Media Network

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website, you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.