{"id":26790,"date":"2022-05-13T07:02:22","date_gmt":"2022-05-13T11:02:22","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=26790"},"modified":"2024-07-28T08:26:42","modified_gmt":"2024-07-28T12:26:42","slug":"elon-musk-temporarily-halts-twitter-deal","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/elon-musk-temporarily-halts-twitter-deal\/","title":{"rendered":"Elon Musk Temporarily Halts Twitter Deal"},"content":{"rendered":"\n<p><a href=\"https:\/\/coinscreed.com\/staging\/bitcoin-jesus-is-back-twitter-endorse-doge-btc.html\">Musk<\/a> has temporarily halted the Twitter deal pending the spambots on the network which represent less than 5% of users<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/Dogecoin-Fan-Elon-Musk-May-Buy-Twitter-This-Week-1024x512.webp\" alt=\"Elon Musk Temporarily Halts Twitter Deal\" class=\"wp-image-24916\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/Dogecoin-Fan-Elon-Musk-May-Buy-Twitter-This-Week-1024x512.webp 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/Dogecoin-Fan-Elon-Musk-May-Buy-Twitter-This-Week-300x150.webp 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/Dogecoin-Fan-Elon-Musk-May-Buy-Twitter-This-Week-768x384.webp 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/Dogecoin-Fan-Elon-Musk-May-Buy-Twitter-This-Week-150x75.webp 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/Dogecoin-Fan-Elon-Musk-May-Buy-Twitter-This-Week-360x180.webp 360w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/Dogecoin-Fan-Elon-Musk-May-Buy-Twitter-This-Week-750x375.webp 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/Dogecoin-Fan-Elon-Musk-May-Buy-Twitter-This-Week-1140x570.webp 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/Dogecoin-Fan-Elon-Musk-May-Buy-Twitter-This-Week.webp 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>Elon Musk Temporarily Halts Twitter Deal<\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\"><ul><li><a href=\"#h-elon-halts-twitter-s-deal-on-spam-or-false-accounts\" >Elon Halts Twitter's Deal On Spam Or False Accounts<\/a><\/li><li><a href=\"#h-twitter-shares-under-pressure\" >Twitter Shares Under Pressure<\/a><\/li><\/nav><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-elon-halts-twitter-s-deal-on-spam-or-false-accounts\">Elon Halts Twitter's Deal On Spam Or False Accounts<\/h2>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/binance-invests-500m-in-twitter-acquisition.html\">Musk<\/a> may be reconsidering the $44 billion deal he confirmed with Twitter's board earlier this year.<\/p>\n\n\n\n<p>In a filing, Twitter stated that the social media company has less than 5% spam or fraudulent accounts. Musk, on the other hand, wants to look into the quantity of spam or false accounts. <\/p>\n\n\n\n<p>He has placed the deal on hold for an unknown duration in order to conduct the inquiry.<\/p>\n\n\n\n<p>Musk said in a\u00a0<a href=\"https:\/\/twitter.com\/elonmusk\/status\/1525049369552048129\" target=\"_blank\" rel=\"noreferrer noopener\">tweet<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;<em>Twitter deal temporarily on hold pending details supporting calculation that spam\/fake accounts do indeed represent less than 5% of users.\u201d<\/em><\/p><\/blockquote>\n\n\n\n<p>Elon Musk, the CEO of Tesla, had already completed the $44 billion <a href=\"https:\/\/coinscreed.com\/staging\/elon-musk-offers-to-buy-twitter.html\">purchase<\/a> of Twitter. He has also stated that one of his top tasks will be to remove &#8220;spambots&#8221; from the network.<\/p>\n\n\n\n<p>The company's executives will be angry that Elon Musk has once again called the transaction into question. <\/p>\n\n\n\n<p>The social media platform has previously stated that it faced many risks until the Elon Musk deal was finalized, including advertisers continuing to spend money on the platform and uncertainty about future plans and strategy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-twitter-shares-under-pressure\">Twitter Shares Under Pressure<\/h2>\n\n\n\n<p>In premarket trading, Twitter shares have dropped 20% to $35.90. Twitter's stock has been steadily declining over the last week. <\/p>\n\n\n\n<p>Several Twitter users believe Elon Musk will not buy Twitter, and that the company is worth $40-$50 per share.<\/p>\n\n\n\n<p>Elon Musk wants to improve Twitter and find solutions to its difficulties. However, following the sale, Twitter's issues grew. <\/p>\n\n\n\n<p>Kayvon Beykpour, Twitter's general manager of consumer products, and Bruce Falck, Twitter's general manager of revenue, both announced their departures on May 2.<\/p>\n\n\n\n<p>In light of the agreement, the corporation has likewise halted hiring.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Musk has temporarily halted the Twitter deal pending the spambots on the network which represent less than 5% of users Elon Halts Twitter&#8217;s Deal On Spam Or False Accounts Musk may be reconsidering the $44 billion deal he confirmed with Twitter&#8217;s board earlier this year. In a filing, Twitter stated that the social media company [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":24916,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-26790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/Dogecoin-Fan-Elon-Musk-May-Buy-Twitter-This-Week.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=26790"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/24916"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=26790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=26790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=26790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}