Elon Musk calls for peace in cryptic post amid Iran-Israel war
His comments come amid recent attacks on Israel by Iran, reportedly in retaliation to the attack on their embassy.
Twitter shares plunged 19 per cent as Tesla CEO Elon Musk on Friday tweeted that he was putting the $44 billion twitter deal temporarily on hold till he gets to know how many fake or spam accounts are present on the micro-blogging platform.
“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.
Musk posted a link to an earlier Reuters story that reported that Twitter estimates spam, and fake accounts comprise less than 5 per cent of users.
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Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Twitter’s share price plunged 19 per cent on the news of the deal being put on hold.
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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