Twitter Deal Has Been Temporarily Placed On Hold – Elon Musk

Famous Billionaire, Elon Musk, on Friday disclosed that his $44 billion deal for micro-blogging and social media platform, Twitter has been temporarily placed on hold.

Musk made this disclosure in a tweet via his Twitter handle, citing pending details on spam and fake accounts.

‘Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,’ Musk tweeted.

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Musk, the world’s richest man, had said that one of his priorities would be to remove “spam bots” from Twitter.

He recently bought Twitter for $44 billion and is expected to serve as a temporary CEO for a few months.

The 50-year-old has been giving insight into what the social media platform under him will be like.

Elon Musk on Tuesday vowed that he would lift Twitter’s ban on former US President Donald Trump if Musk’s deal to buy the global messaging platform is successful.

Speaking at a Financial Times conference, Musk said; ‘I would reverse the permanent ban,’ pointing out that he doesn’t own Twitter yet, so ‘this is not like a thing that will definitely happen.’

Africa Today News, New York understands that the Tesla chief’s $44-billion deal to buy Twitter must still get the backing of shareholders and regulators, but he has voiced enthusiasm for less content moderation and ‘time-outs’ instead of bans.

‘I do think that it was not correct to ban Donald Trump,’ Musk said.

He went on to add; ‘I think that was a mistake because it alienated a large part of the country, and did not ultimately result in Donald Trump not having a voice.’

Africa Today News, New York recalls that Trump was yanked off from Twitter and other online platforms after supporters fired up by his tweets alleging election fraud attacked the US Capitol on January 6, 2021 in a deadly and failed bid to stop Joe Biden from being certified as the victor in the US presidential election.

Africa Today News, New York

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