Thursday, March 28, 2024
ADVT 
National

Musk puts Twitter deal 'on hold', says still committed to acquisition

Darpan News Desk IANS, 13 May, 2022 10:43 AM
  • Musk puts Twitter deal 'on hold', says still committed to acquisition

San Francisco/New Delhi, May 13 (IANS) 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.

Photo courtesy of Instagram. 

MORE National ARTICLES

Canada charters flights for Ukrainians fleeing war

Canada charters flights for Ukrainians fleeing war
Three Canadian charter flights to bring Ukrainians fleeing Russia's invasion will depart Poland in the coming weeks. Immigration Minister Sean Fraser says the flights will be available to some of the more than 90,000 Ukrainians approved for emergency travel to Canada.

Canada charters flights for Ukrainians fleeing war

Vancouver Police investigate teenagers swarming and assaulting peers in bullying rituals

Vancouver Police investigate teenagers swarming and assaulting peers in bullying rituals
VPD investigations include several swarmings, robberies, and reports of violent rituals meant to demean and humiliate peers. Since spring break, VPD officers have also encountered a concerning number of youth with imitation guns, bear spray, brass knuckles, and machetes near schools and in the community.    

Vancouver Police investigate teenagers swarming and assaulting peers in bullying rituals

Automakers want better plan for EV chargers

Automakers want better plan for EV chargers
The Canadian Vehicle Manufacturers Association, which represents Ford, General Motors and Stellantis, is issuing a list of recommendations to Ottawa today warning that EV adoption isn't going to happen if Canadians don't have confidence in the network of charging stations available.

Automakers want better plan for EV chargers

CATSA working on airport security delays: Minister

CATSA working on airport security delays: Minister
Multiple airports are reporting extremely long lines at airport security and border screening checkpoints while passengers say they are being forced to wait for hours — and sometimes missing their flights.    

CATSA working on airport security delays: Minister

Most of B.C.'s health workers vaccinated

Most of B.C.'s health workers vaccinated
Provincial health officer Dr. Bonnie Henry says nearly 94 per cent of practising and regulated professionals have received at least two doses of a vaccine or have a medical exemption from her office as of April 25.

Most of B.C.'s health workers vaccinated

18 year old & 26 year old charged with second degree murder in Crab park homicide

18 year old & 26 year old charged with second degree murder in Crab park homicide
VPD officers were called to Crab Park around 10:20 a.m. May 7 after Wadden was assaulted by two men. Yesterday, 18-year-old David Bentil was charged with second-degree murder.    

18 year old & 26 year old charged with second degree murder in Crab park homicide