Friday, May 27, 2022

ਵਾਹਿਗੁਰੂ

spot_img





Elon Musk puts Twitter deal ‘on hold’, says still committed to acquisition

San Francisco/New Delhi, May 13, 2022- After saying that he is putting $44 billion Twitter deal on hold till he gets to know how many fake or spam accounts are present on the platform, Tesla CEO Elon Musk on Friday said that he is still commited to the $44 billion acquisition.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5 per cent of users,” Musk said in a tweet to his over 92 million followers.

Twitter’s share price plunged on the news of the deal being put on hold.

He later tweeted: “Still committed to acquisition”.

His followers blasted the tweet, saying he has disturbed the platform, “pushing senior staff to resign and through doubts on its users”.

“If Twitter collapses, it is on you,” said one of his followers.

“Do something for actual people instead of buying Twitter,” another posted.

Twitter estimated in a filing earlier this week that false or spam accounts represented fewer than 5 per cent of its monetisable daily active users during the first quarter.

The micro-blogging platform had 229 million users in the first quarter.

Musk has signed a $44 billion deal to take over Twitter, of which he will pay $21 billion from his own pocket while the rest will come as a loan from a consortium of banks.  (Agency)

Subscribe to YesPunjab Telegram Channel & receive important news updates

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -spot_img

Stay Connected

20,323FansLike
114,303FollowersFollow

ENTERTAINMENT

National

GLOBAL

OPINION

Making a career based on a hobby is a wise step – by Narvijay Yadav

In my first few years in journalism, my mind was so engrossed in the work that it seemed like fun to me. I was...

Trade focussed Quad – by Asad Mirza

The first in-person meeting of the leaders of the US, Australia, Japan and India, termed Quad, will be held in Tokyo on Tuesday. This...

How much and how often should courts adjudicate matters of religous fervour? – by Adeel Ahmed

New Delhi, May 22, 2022- In the old city of Jerusalem, there lies a 187-foot long ‘Western Wall, built by Herod on the western...

SPORTS

Health & Fitness

Preterm birth: Warning signs that indicate complications during pregnancy

New Delhi, May 23, 2022 - Preterm birth, defined as a baby born before 37 weeks of pregnancy, is a leading cause of infant death and can result in long-term disabilities for those who survive. Each year, approximately 1 million children die as a result of preterm birth complications. According to the World Health Organization, many survivors will live...

Gadgets & Tech