August 18, 2022

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Elon Musk Paused Acquisition, Here’s Why – Nerd4.life

As everyone knows, Elon Musk is buying Twitter. Now, however, it takes half a step back. Possession “Paused” Because the billionaire wants to check the number of fake social network accounts.

through your account, musk He told his 92 million followers that the Twitter deal was temporarily on hold pending details on calculating the number of fake/spam accounts, which should be less than 5% of total users. Fake or spam accounts can manipulate (and especially increase) the number of activities on platforms like Twitter and can falsify the results of marketing campaigns or allow a person to appear more popular than they really are.

Susanna StreeterThe analyst at Hargreaves Lansdown said that information about fake accounts (that is, about 5%) has been known for some time. According to him, Musk is trying to exploit the situation to lower the purchase price of Twitter. However, Musk is contractually obligated to pay Twitter $1 billion if it decides not to complete the acquisition.

We just have to wait for new information about the whole process: this is how much Musk will spend, if he honors his offer.

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