• Latest
  • Trending
  • All
  • Lifestyle & Entertainment
Elon Musk halts Twitter deal due to fake account details

Elon Musk halts Twitter deal due to fake account details

May 13, 2022
Top Gun Maverick review

Top Gun Maverick review

May 28, 2022
Kim Kardashian has expressed regret for Kanye West’s treatment of her family during their marriage.

Kim Kardashian has expressed regret for Kanye West’s treatment of her family during their marriage.

May 28, 2022
“On the Line”Mel Gibson’s Thriller Film Gets A Release Date- You’ll Have To Wait A Little Longer

“On the Line”Mel Gibson’s Thriller Film Gets A Release Date- You’ll Have To Wait A Little Longer

May 28, 2022
The Russian president is willing to discuss resuming Ukrainian grain shipments from Black Seaports

The Russian president is willing to discuss resuming Ukrainian grain shipments from Black Seaports

May 28, 2022
On the final episode of The Ellen DeGeneres Show, Jennifer Aniston recounts her divorce with Brad Pitt

On the final episode of The Ellen DeGeneres Show, Jennifer Aniston recounts her divorce with Brad Pitt

May 28, 2022
Austin Butler’s portrayal of the rock and roll king is taking Critics by a storm

Austin Butler’s portrayal of the rock and roll king is taking Critics by a storm

May 28, 2022
Stranger Things Season 4 Part 1 review: Things seems to be considerably darker and far more terrifying than we could have imagined

Stranger Things Season 4 Part 1 review: Things seems to be considerably darker and far more terrifying than we could have imagined

May 28, 2022
Texas Shooting: Meghan Markle Visits Uvalde To Pay Tribute To Victims

Texas Shooting: Meghan Markle Visits Uvalde To Pay Tribute To Victims

May 28, 2022
On July 15, Spider-Man: No Way Home will finally begin streaming

On July 15, Spider-Man: No Way Home will finally begin streaming

May 28, 2022
Harrison Ford confirmed the release date for Indiana Jones 5 during the Star Wars Celebration

Harrison Ford confirmed the release date for Indiana Jones 5 during the Star Wars Celebration

May 28, 2022
Two classic Nickelodeon shows will be added to Netflix very soon

Two classic Nickelodeon shows will be added to Netflix very soon

May 28, 2022
‘Face The Sun’ by Seventeen: Release date, tracks, concept, and all you need to know about their fourth regular album

‘Face The Sun’ by Seventeen: Release date, tracks, concept, and all you need to know about their fourth regular album

May 28, 2022
Retail
Saturday, May 28, 2022
Contact Us
  • Home
  • World
  • Business
  • Lifestyle & Entertainment
  • Science & Technology
  • Horoscope
  • Korean
No Result
View All Result
The UBJ - United Business Journal
No Result
View All Result

Elon Musk halts Twitter deal due to fake account details

by Pooja Sahu
May 13, 2022
in Business
0
Elon Musk halts Twitter deal due to fake account details

Elon Musk has put his $44 billion (£35 billion) deal to buy Twitter on hold after raising concerns about the number of fake or spam accounts on the social media platform.

He stated that he was awaiting information “to support [the] calculation that spam/fake accounts do indeed represent less than 5% of users.”

YOU MAY ALSO LIKE

An investor in Twitter is suing Elon Musk and the platform over a takeover bid

Jimmy Kimmel’s teary-eyed monologue on the Texas shooting was cut short by state officials

Mr. Musk has been vocal about the need to clean up spam accounts.

Analysts speculated that he may be attempting to renegotiate the price or even walk away from the takeover.

Mr Musk later stated that he was “still committed to acquisition,” but the revelations fueled Wall Street scepticism, sending Twitter’s stock price plummeting.

In New York, shares were down 10% in early trading. Even before Mr Musk’s comments, the stock was trading for less than the $54.40 he had offered, indicating that the markets were not convinced he would complete the takeover.

If either Twitter or Mr Musk decides to leave, they must pay a $1 billion termination fee to the other party.

Twitter reported more than two weeks ago that fake accounts made up less than 5% of its daily active users in 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.

Tags: Elon MuskFake accounttwitter

Advertisement

Instagram

    Please install/update and activate JNews Instagram plugin.

Recent News

Top Gun Maverick review

Top Gun Maverick review

May 28, 2022
Kim Kardashian has expressed regret for Kanye West’s treatment of her family during their marriage.

Kim Kardashian has expressed regret for Kanye West’s treatment of her family during their marriage.

May 28, 2022

Categories

  • Business
  • Featured
  • Horoscope
  • k-drama
  • Korean
  • Lifestyle & Entertainment
  • Movie
  • News
  • Science & Technology
  • Technology
  • World

Quick Contact

[contact-form to='[email protected]' subject='Footer Contact'][contact-field label='Email' type='email' required='1'/][contact-field label='Message' type='textarea'/][/contact-form]

The UBJ – United Business Journal

The UBJ Is content that is informative, entertaining, and relevant to its region. It offers news, sport, lifestyle, business & more

© 2022 The UBJ. All Right Reserved

  • About UBJ
  • Contact
  • Editorial Team
  • Privacy Policy
  • Disclaimer

No Result
View All Result
  • Home
  • World
  • Business
  • Lifestyle & Entertainment
  • Science & Technology
  • Horoscope
  • Korean

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

Add The UBJ - United Business Journal to your Homescreen!

Add