His megaosis has been “temporarily put on hold” by the acquisition of social media giant Twitter, Elon Musk, the head of Tesla and SpaceX, wrote on Twitter on Friday.
“Twitter is temporarily suspended until details support the calculation that fake/spam accounts actually represent less than 5% of users,” he said, citing a link to a Reuters article in early May that cited Twitter as the controller. of files. In this presentation, the company assessed how many of its “monetizable daily active users” were fake or spam accounts, according to the report.
The social media hub reported 229 million users served by advertising in the first quarter. This means that 5% of those users will be 11.45 million.
Musk did not immediately provide further details or comment. However, on Friday morning, he tweeted another comment: “Still committed to the takeover.”
Twitter shares fell 10.6 percent to $40.30 in premarket trade.
Last month, Musk announced a $44 billion deal to take over Twitter and promised to stop moderating its content. “There is a distinct possibility that marketers will move their ad campaigns to other platforms (Google, Facebook, Snap, TikTok, Reddit, etc.),” Musk said, noting that he hardly mentions Twitter ad users. street analysts.
Musk revealed last week that he had received letters from investors asking for nearly $7.14 billion in new funding to take over Twitter, and was also in talks to bring in co-founder Jack Dorsey and others.
Source: Hollywood Reporter
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
