Elon Musk announces suspension of Twitter acquisition – rts.ch

Elon Musk announced on Friday that his plan to buy Twitter for $ 44 billion has been put on hold until the rate of fake accounts on the social network is clarified.

“Details related to fake accounts and spam actually counting less than 5% of users, the pending deal has been put on hold,” the businessman said on the platform, where he counts nearly 93 million subscribers.

Prior to the opening of Wall Street, the group’s performance in electronic transactions fell by about 20%.

Recovery in 44 billion

At the end of April the board of directors of the social network accepted the $ 44 billion acquisition offer proposed by Elon Musk.

The businessman promised to free Twitter from spam, to recognize users, and to increase transparency without specifying how he intended to implement the plan.

The company said in early May that when it announced its quarterly results, an average of 229 million daily users would be profitable, i.e. exposed to advertising. She estimated in this case that less than 5% of them were spam or fake accounts.

Elon Musk wants to turn Twitter into a stronghold of freedom of expression, for example, saying he is ready to lift the permanent suspension of Donald Trump’s account, which was decided after Tuesday’s attack on Capitol.

>> Read more: Elon Musk has said he wants to lift Donald Trump’s Twitter ban

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Agencies / Lawn

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