Susannah flood twitter4/9/2023 ![]() “Musk’s Twitter takeover was always destined to be a bumpy ride, and now it risks hitting the skids,” said market analyst Susannah Streeter of Hargreaves Landsdown. Wall Street investors were likely to interpret the tweet as an attempt by Musk to pull out of the deal or trying to force a lower price, said Ives. The filing said an internal review had concluded Twitter had 229 million “monetizable daily active users” in the first quarter of this year, and just five percent were regarded as false or spam accounts.Īnalyst Dan Ives from Wedbush said the Twitter “circus show” was likely to translate into a “Friday 13th horror show.” “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5 percent of users,” he wrote on Twitter. Reliable figures for the number of users is seen as vital to judge future revenue streams.īut on Friday he posted a link to an article from May 2 referencing Twitter’s latest filing to US regulators. When the deal was announced in late April he said he wanted to make Twitter “better than ever” by “defeating the spam bots and authenticating all humans.” Musk, the world’s richest man and founder of automaker Tesla, had made the eradication of spam accounts and bots one of the centerpieces of his proposed $44 billion takeover of Twitter. ![]() NEW YORK: Elon Musk said on Friday he was putting a temporary halt on his much-anticipated deal to buy Twitter, sending shares in the social media giant plunging. ![]()
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