• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

Twitter slips on report that Musk deal is in jeopardy

by
July 7, 2022
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Disney needs to show investors it has a plan to make streaming profitable — and stop hemorrhaging money

Bitcoin trades around $23,000 after Fed Chair Powell warns that rates could rise further

Zoom to lay off 1,300 employees, or about 15% of its workforce

Goldman says these overlooked companies play a key role in a more sustainable economy

In this article

TWTR

NEW YORK, NEW YORK – MAY 02: Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 02, 2022 in New York City. (Photo by Theo Wargo/WireImage)
Theo Wargo | Wireimage | Getty Images

Shares of Twitter fell about 4% after the markets closed on Thursday following a report from The Washington Post that said billionaire Elon Musk’s deal to buy the company is in jeopardy.

The deal was already in uncertain territory, according to Musk, after he demanded more information on the percentage of spam accounts on the platform. But the Post, citing one unnamed source, said Musk’s team has stopped engaging in some funding discussions for the $44 billion deal. Musk’s team has determined it can’t verify Twitter’s spam account figures and they are now prepared to soon make “a change in direction,” the Post reported, citing a source.

Musk can’t just pay the $1 billion breakup fee and walk away. Twitter could try to hold Musk to the original terms by claiming his reasons for backing out aren’t related to its core business.

Twitter held a virtual briefing with reporters earlier on Thursday to explain how it determines which of the accounts on its platform are bots or spam accounts. The company said trained workers use internal data and signals to come up with the figure that less than 5% of its monetizable daily active users (mDAUs) each quarter are spam accounts.

Twitter and Musk did not immediately respond to a request for comment on the report.

Subscribe to CNBC on YouTube.

WATCH: Musk tells Twitter employees he wants at least a billion daily users

Next Post

Calpers Unloads Record $6 Billion of Private-Equity Stakes at Discount

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Disney needs to show investors it has a plan to make streaming profitable — and stop hemorrhaging money

by
February 7, 2023
0

When Walt Disney (DIS) reports fiscal first-quarter earnings on Wednesday, we'll be looking to see how the entertainment giant plans...

Read more

Disney needs to show investors it has a plan to make streaming profitable — and stop hemorrhaging money

Bitcoin trades around $23,000 after Fed Chair Powell warns that rates could rise further

Zoom to lay off 1,300 employees, or about 15% of its workforce

Goldman says these overlooked companies play a key role in a more sustainable economy

Inflation Reduction Act has spurred 100,000 new green jobs so far: Here’s where they are

Fed Chair Powell says inflation is starting to ease, but interest rates still likely to rise

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.