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Musk puts Twitter deal 'on hold', says still committed to acquisition
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IANS | 13 May, 2022
After
saying that he is putting $44 billion Twitter deal on hold till he gets
to know how many fake or spam accounts are present on the platform,
Tesla CEO Elon Musk on Friday said that he is still commited to the $44
billion 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 said in a tweet to his
over 92 million followers.
Twitter's share price plunged on the news of the deal being put on hold.
He later tweeted: "Still committed to acquisition".
His
followers blasted the tweet, saying he has disturbed the platform,
"pushing senior staff to resign and through doubts on its users".
"If Twitter collapses, it is on you," said one of his followers.
"Do something for actual people instead of buying Twitter," another posted.
Twitter
estimated in a filing earlier this week that false or spam accounts
represented fewer than 5 per cent of its monetisable daily active users
during the first quarter.
The micro-blogging platform had 229 million users in the first quarter.
Musk
has signed a $44 billion deal to take over Twitter, of which he will
pay $21 billion from his own pocket while the rest will come as a loan
from a consortium of banks.
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As on 13 Aug, 2022 |
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