You are currently viewing Elon Musk tweets update on $44B Twitter deal

Elon Musk tweets update on $44B Twitter deal

Billionaire announced on Friday he had temporarily placed his highly anticipated $44 billion deal to buy on hold until he can get verify the true number of spam and bot accounts on the social media platform.

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

Still committed to acquisition

— Elon Musk (@elonmusk) May 13, 2022

Twitter stock initially fell after news that Musk’s Twitter purchase deal was on hold. In a follow-up tweet two hours after his first, Musk said, “Still committed to acquisition.”

In April, Twitter submitted its latest quarterly Securities and Exchange Commission (SEC) report. The company’s metrics are based on monetizable daily active usage users (mDAU), which are the number of people, organizations, or other accounts that use Twitter on a day-to-day basis.

“We have performed an

..... (Read more by following the post link below)

This post was originally published on this site

Also See...