The $44-billion deal for Twitter Inc. Is temporarily on hold, citing pending details in support of calculation that spam and fake accounts indeed represent less than 5 per cent of users, tweets Elon Musk. His tweet says that one of his priorities would be to remove "spam bots" from the platform. However, hours later, he said he was still committed to buying Twitter. "Still committed to acquisition," wrote Musk, after his earlier message had seen the firm's share value plunge. With the announcement, shares of Tesla surged 4%.
Whereas, Tesla shares have lost about 25% of their value since Musk disclosed a stake in Twitter on April 4. Meanwhile, Twitter stock plunged 10% after Musk's announcement. Experts say, the spread between the offer price and the value of Twitter shares had widened in recent days, implying less than a 50% chance of completion, as investors speculated that the downturn would prompt Musk to walk away or seek a lower price.
The issue could be, Musk wants to cut the price, having realized he is massively overpaying. And he wouldn’t be wrong in thinking that. Whereas, the Twitter board has no reason to agree to a price reduction. The spread between the offer price and the value of Twitter shares had widened in recent days, implying less than a 50% chance of completion, as investors speculated that the downturn would prompt Musk to walk or seek a lower price.
The fake twitter account generator could create a photo that looks exactly like a real account on twitter with the information you fill in. Available versions from pc to mobile, ios or android operating system. Musk tweeted a Reuters story from ten days ago that cited the fake account figures.
Twitter has said that the figures were an estimate and that the actual number may be higher. As Musk is targeting advertising revenue to more than double by 2028, Musk now either have to live with the existing deal, or walk away and accept the consequences. He can afford to handle those consequences. Twitter has been making the same claim about spam and bot accounts for years in its quarterly 10-Q filings with the Securities and Exchange Commission. Still, spam bot accounts pose a major problem for Twitter.
They not only inflate user numbers, but they also provide advertisers with an inaccurate count of how many real people they’re actually reaching. According to The Washington Post, researchers at The University of Maryland found that Musk himself has benefited from spam bots designed to defend him against detractors. Other such bots have pushed for Musk to move forward with his planned Twitter takeover. If Musk is able to completely eliminate spam bots, it could make Twitter a more hospitable social network, but it would also reduce the platform’s overall user numbers. That could severely curtail Twitter’s ad revenue, not to mention hurt the firm’s stock. After all, one of a social media network’s most important stats is the number of users it has.
Finally, Musk wants Twitter's algorithm to prioritize tweets to be public and was against too much power on the service to corporations that advertise.
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