Elon Musk temporarily puts Twitter takeover on hold
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(Pocket-lint) – Elon Musk’s acquisition of Twitter has taken a new turn, with the Tesla founder revealing the deal is “temporarily on hold”.
He seems concerned that spam or fake accounts only make up less than 5% of the social media network’s daily active users. He reportedly estimated that figure to be much higher and part of his mission statement was to take down spambots.
Twitter executives revealed the stat in the company’s last bankruptcy filing, and Mr. Musk is now demanding proof before the takeover can take place.
agreement on Twitter is temporarily suspended pending details to prove that spam and fake accounts indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn-
Elon Musk (@elonmusk) May 13, 2022
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Twitter’s current board has also hinted that Musk’s plans for the platform could unsettle advertisers. Until the transaction closes, there is “potential uncertainty regarding our future plans and strategy,” he said.
He has publicly stated that he intends to lift existing lifetime bans, including the one imposed on Donald Trump for repeated abuse, and to reinstate extreme views on the platform. He also intends to change the penalties for people who violate Twitter’s codes of conduct by suspending them for a short period.
It could also charge companies to embed tweets and even have a verified account.
Written by Rik Henderson.