TechBriefly
  • Tech
  • Business
  • Crypto
  • Science
  • Geek
  • How to
  • About
    • About TechBriefly
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • Languages
      • 中文 (Chinese)
      • Dansk
      • Deutsch
      • Español
      • English
      • Français
      • Nederlands
      • Italiano
      • 日本语 (Japanese)
      • 한국인 (Korean)
      • Norsk
      • Polski
      • Português
      • Pусский (Russian)
      • Suomalainen
      • Svenska
  • FAQ
    • Articles
No Result
View All Result
 Hot Topics:
  • Nvidia
  • Snapchat planets order
  • Replika AI
  • Lookism AI filter
  • Binance WOTD answers (Portfolios)
TechBriefly
No Result
View All Result
Home Tech Social Media

Elon Musk Twitter deal is on hold

Elon Musk Twitter deal couldn't be finalized, as number of bots and spam accounts are being investigated by Musk.

by Önder Erdine
13 May 2022
in Social Media, Tech
Reading Time: 3 mins read
As the Elon Musk Twitter deal was on its way to finalizing, a new bump on the road showed up the road in the form of the number of spam and bot accounts.
Share on FacebookShare on Twitter

As the Elon Musk Twitter deal was on its way to finalizing, a new bump on the road showed up the road in the form of the number of spam and bot accounts.

Why is Elon Musk Twitter deal on hold?

After Twitter revealed that phony or spam accounts made up less than 5% of its 226 million daily monetizable users, Elon Musk claimed that the purchase had been “temporarily put on hold.” The Tesla CEO tweeted a link to a May 2nd Reuters story documenting Twitter’s filing, stating he wanted to review the numbers. He tweeted:

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

Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn

— Elon Musk (@elonmusk) May 13, 2022

Elon Musk Twitter takeover

Eccentric billionaire agreed to buy Twitter Inc. for $44 billion, using one of history’s biggest leveraged buyout deals. The company said that investors will receive $54.20 for each share they own in a statement Monday. The price is 38% more than the stock’s close on April 1, the last business day before Musk disclosed a significant stake in the company.

As the Elon Musk Twitter deal was on its way to finalizing, a new bump on the road showed up the road in the form of the number of spam and bot accounts.
Elon Musk Twitter deal is on hold.

With this takeover, Elon Musk has many ambitious goals to improve the social media platform. Aside from waging a war on the army of bots, some of these goals include creating an edit button so that the user may modify their tweets, opening up Twitter’s algorithm for the public, and getting rid of advertisements.

As the Elon Musk Twitter deal was on its way to finalizing, a new bump on the road showed up the road in the form of the number of spam and bot accounts.
Elon Musk Twitter deal is on hold.

Elon Musk Twitter deal is on hold

The key portion of Twitter’s filing is as follows. It states that its estimates of the number of fraudulent or spam accounts are “an estimate,” and that the actual number “could be higher than we have estimated”:

“We have performed an internal review of a sample of accounts and estimate that the average of false or spam accounts during the first quarter of 2022 represented fewer than 5% of our mDAU during the quarter. The false or spam accounts for a period represent the average of false or spam accounts in the samples during each monthly analysis period during the quarter. In making this determination, we applied significant judgment, so our estimation of false or spam accounts may not accurately represent the actual number of such accounts, and the actual number of false or spam accounts could be higher than we have estimated.”

As the Elon Musk Twitter deal was on its way to finalizing, a new bump on the road showed up the road in the form of the number of spam and bot accounts.
Elon Musk Twitter deal is on hold.

Twitter has a long history of mathematical mistakes. It recently revealed in an earnings statement that it had overstated its daily users for three years running. The company explained that a programming mistake had caused it to count many accounts as active, despite belonging to a single user, resulting in it double-counting its user figures by up to 1.9 million each quarter.

Elon Musk has made reducing the number of “spam and scam bots” and “bot armies” on Twitter a major element of his argument for enhancing the service, as well as prioritizing free speech and opening up the platform’s ranking algorithms.

As the Elon Musk Twitter deal was on its way to finalizing, a new bump on the road showed up the road in the form of the number of spam and bot accounts.
Elon Musk Twitter deal is on hold.

When does the Twitter deal close?

The latest roadblock in Elon Musk’s bid to take over the social media network has been put on hold. On learning of the news, Twitter’s share price dropped 19 percent as of this writing. The firm first announced a “poison pill” plan to block the takeover before eventually accepting it in late April. With the current situation about the spam accounts, it could be some time before the Elon Musk Twitter deal is finalized.

Will Elon Musk reverse Trump ban?

Elon Musk declared that Twitter would reverse its ban of former President Donald Trump if his purchase of the social media network is completed, indicating just how permissive the platform might become under his control. At a motor conference, Tesla CEO Elon Musk stated that Twitter’s ban of Trump following the Jan. 6, 2021 insurrection at the U.S. Capitol was a “morally bad decision” and “foolish in the extreme.”

As the Elon Musk Twitter deal was on its way to finalizing, a new bump on the road showed up the road in the form of the number of spam and bot accounts.
Elon Musk Twitter deal is on hold.

“I think that was a mistake because it alienated a large part of the country and did not ultimately result in Donald Trump not having a voice,” said Musk. He also stated that he preferred more short-term suspensions and other meticulously tailored penalties for content that is unlawful or otherwise harmful to the world.

We hope that you enjoyed this article about the latest developments on the Elon Musk Twitter deal. If you did, make sure to check out why did Dogecoin go up after Elon Musk bought Twitter, or the Twitter throne fight: CEO fires 2 executives, halts hiring.

Tags: Elon MuskfeaturedTwitter

Related Posts

NVIDIA 535.98: What you need to know

NVIDIA 535.98: What you need to know

Spotify Find Your Flow

Spotify Find Your Flow reimagines the soundtrack for 2023

Computex 2023

Computex 2023: The future of AI, gaming, and laptop technology revealed

irecorder

If you used this app you may have been spied

POPULAR

Binance Word of the Day answers: Crypto Portfolios theme

Binance Word of the Day answers: Bitcoin Fundamentals theme

RCM Loader for Nintendo Switch: What is it, how can you install?

Is there a way to remove Character AI NSFW filters?

What does setting interrogation succeeded mean?

How to fix “no secure boot’ and “DLC assets are damaged” errors on FIFA 23?

Can Chai see your chats?

What is Instagram direct message suggested list order (explained)?

What is Snapchat planets order?

How to play Minecraft Jenny mod?

RSS News Republic

  • A joke goes viral: How long do idiots live?
  • Elon Musk’s actual height revealed: How tall is he?
  • Hogwarts Legacy: Which ball in Quidditch is the largest?
  • Backbone One PlayStation Android: Specs, price, and release date
  • DarkBERT: A deep dive into the Dark Web’s secrets

RSS Digital Report

  • Using Voice of the Customer for marketing and its benefits
  • Creating estimations for cost and organic traffic for your future SEO endeavors
  • Biggest issues plaguing the blockchain in 2023
  • What is the “Framing Effect” in marketing and how to use it?
  • How does in-house SEO compare to utilizing agencies and how to get started with it?

RSS Latest from LeaderGamer

  • League of Slots Game Collection Review
  • Twitter Spaces – What is Twitter Space and How to Open it?
  • What is Twitter search and how to use it?
  • What is Twitter Trending?
  • Download Twitter – How to Download Twitter?
TechBriefly

© 2021 TechBriefly is a Linkmedya brand.

  • Tech
  • Business
  • Science
  • Geek
  • How to
  • About
  • Privacy
  • Terms
  • Contact
  • FAQ
  • | Network Sites |
  • Digital Report
  • LeaderGamer
  • News Republic

Follow Us

No Result
View All Result
  • Tech
  • Business
  • Crypto
  • Science
  • Geek
  • How to
  • About
    • About TechBriefly
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • Languages
      • 中文 (Chinese)
      • Dansk
      • Deutsch
      • Español
      • English
      • Français
      • Nederlands
      • Italiano
      • 日本语 (Japanese)
      • 한국인 (Korean)
      • Norsk
      • Polski
      • Português
      • Pусский (Russian)
      • Suomalainen
      • Svenska
  • FAQ
    • Articles