Musk’s Twitter Deal “Temporarily on Hold” – Search Engine Journal

Less than a month after it was announced Tesla CEO Elon Musk would be purchasing Twitter for $43 billion, the deal has been put on hold.

In a May 13 tweet, Musk, the current world’s richest man stated:

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.”

Musk provided few details, but followed up with another tweet a few hours later in which he said he was “still committed to acquisition.”

Quarterly Financial Report Raises Questions About Fake Accounts

Musk’s initial tweet linked to a Reuters article covering Twitter’s quarterly financial report.

The report included an estimation that only 5% of the platform’s approximately 300 million monthly active users are spam or fake accounts.

Twitter based this estimate on a review of sample accounts and stated the number was “reasonable.” However, it acknowledged the measurements were not independently verified and the number of these accounts could be…

Read Full Story: https://www.searchenginejournal.com/musks-twitter-deal-temporarily-on-hold/450184/

The post Musk’s Twitter Deal “Temporarily on Hold” – Search Engine Journal first appeared on SEO, Marketing and Social News | OneSEOCompany.com.

source: https://news.oneseocompany.com/2022/05/13/musks-twitter-deal-temporarily-on-hold-search-engine-journal_2022051319783.html

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