Politics
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Elon Musk has said his $44bn (£35bn) deal to buy Twitter is on hold after he queried the number of fake or spam accounts on the social media platform.
He said he was waiting for information "supporting [the] calculation that spam/fake accounts do indeed represent less than 5% of users".
Mr Musk has been vocal on cleaning up spam accounts.
However, analysts speculated he could be seeking to renegotiate the price or even walk away from the takeover.
Following Mr Musk's tweet, Twitter shares fell as much as 25% in pre-market trading.
He later tweeted that he is "still committed to acquisition".
Under the terms of the deal, if either Twitter or Mr Musk walk away they must pay the other side a termination fee of $1bn.
Twitter reported more than two weeks ago that fake accounts accounted for fewer than 5% of its daily active users during the first three months of this year.
However, the company said in determining the amount of spam accounts, "it applied significant judgment, so our estimation of false or spam accounts may not accurately represent the actual number of such accounts".
"The actual number of false or spam accounts could be higher than we have estimated. We are continually seeking to improve our ability to estimate the total number of spam accounts," it said.
Mr Musk, who is the richest person in the world according to Forbes magazine, is now examining that figure.
@richsignorelli
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18h
Tesla stock now down more than 40% YTD. Musk was basing his fool's errand of buying Twitter based on the gains his company had in 2021. Different landscape now.
i.e. if you own twitter then you can't pretend to be for free speech coz it don't really exist.
10 folk got 150 accounts between them.
That guy on footy that supported arsenal had
a new account everyday, sometimes 3 or 4 a day.
All you need to open twitter account is an email.
Must be millions of sleepers.
we all did it, to have a topical forum name.
When betfair started linking accounts it must
have caused chaos for them.
as there would surely be a waggatha christie, and
Boris's lockdown party manager posting on the forum.
I guess I would probably finish up being banned.
Sticky wrote:
You don't half post some absolute bollocks
Says the biggest chocolate starfish on the forum
WASHINGTON, April 12 (Reuters) -
An April 2023 jury trial has been scheduled in Dominion Voting Systems Inc's $1.6 billion defamation lawsuit accusing Fox News of trying to boost its ratings by falsely claiming the voting machine company **** the 2020 U.S. presidential election against former President Donald Trump.
In a short written order issued on Friday, Delaware state court judge Eric Davis said he was scheduling Denver-based Dominion's lawsuit for trial on April 17, 2023. Fox, part of Fox Corp (FOXA.O), had asked Owens for a trial date in early 2024.
Davis set aside five weeks for the trial, which could be the first of several involving baseless claims made by a variety of news outlets and individuals about Dominion's technology. Dominion filed its lawsuit against Fox News in March 2021.
Fred Ward
Lynyrd - Sweet Home Alabama
Tesla makes some of the least reliable cars, Consumer Report
20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.
My offer was based on Twitter’s SEC filings being accurate.
Yesterday, Twitter’s CEO publicly refused to show proof of
May 17, 2022 -- 12:58PM, PorcupineorPineapple wrote:
What law have they broken? The law of Elon Musk saying something so it must be true?
It's FRAUD FFS
Number of users is a big part of Twitter's valuation
Nice to believe what he says 100% though.
May 17, 2022 -- 1:09PM, PorcupineorPineapple wrote:
Fraud according to Musk only so far isn't it?Nice to believe what he says 100% though.
If it's more than 5% it's fraud,
Twitter’s CEO publicly refused to show proof of less than
I think Musk has known this all along & is trying to take twitter down/expose their fraud
https://sparktoro.com/blog/sparktoro-followerwonk-joint-twitter-analysis-19-42-of-active-accounts-are-fake-or-spam/
Does nobody think of the poor free thinkers?
maybe. one thing for sure doesn't look like THE DON is getting back on twitter any time soon.
May 17, 2022 -- 1:23PM, A_T wrote:
I think Musk has known this all along & is trying to take twitter down/expose their fraud maybe. one thing for sure doesn't look like THE DON is getting back on twitter any time soon.
He posts on all social media everyday, don't think he's that bothered
then why were you so excited about the prospect of THE DON getting back on twitter?
May 17, 2022 -- 1:41PM, A_T wrote:
He posts on all social media everyday, don't think he's that bothered then why were you so excited about the prospect of THE DON getting back on twitter?
Only to see all the lefturds melt down
Elon Musk's estranged father Errol Musk has confirmed that he has welcomed a baby with his stepdaughter Jana Bezuidenhou..
More perversion from right wing schills,their privilege and pervertedness has no bounds same over here with the tories,arrogance and self entitlement..vermin.
May 17, 2022 -- 2:22PM, Stickywickets wrote:
May 17, 2022 -- 1:41PM, A_T wrote:He posts on all social media everyday, don't think he's that bothered then why were you so excited about the prospect of THE DON getting back on twitter?Only to see all the lefturds melt down
Will they be in worse meltdown than your constant state of meltdown that you entered in early November 2020?
May 20, 2022 -- 10:41AM, thegiggilo wrote:
JUST IN: SpaceX paid a flight attendant $250,000 in severance after she accused Elon Musk of exposing himself and offering to buy her a horse in exchange for a sexual massage..Elon Musk's estranged father Errol Musk has confirmed that he has welcomed a baby with his stepdaughter Jana Bezuidenhou..More perversion from right wing schills,their privilege and pervertedness has no bounds same over here with the tories,arrogance and self entitlement..vermin.
ELONGATE
How many fake accounts?
Shares now below 38 dollars
