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    Nearly half of President Joe Biden's 22.3 million Twitter followers are fake, a new analysis revealed on Wednesday. The report comes as Tesla founder Elon Musk pumped the breaks on his $44 billion purchase of the social media platform over concerns about the amount of bots active on the site. Inauthentic Twitter accounts, known colloquially as bots, operate to mimic human interaction on the platform in order to achieve a specific goal.  Some were designed to give people immediate data on things like the stock market and traffic updates, while others were used for more sinister applications such as spreading misinformation online or scamming people out of money. Roughly 11 million followers of the US president's official Twitter handle, @POTUS, are either bots or inactive accounts, according to an analysis by Spark Toro. That's 49.3 percent of Biden's total followers on his White House account.  Spark Toro's metric takes into account 'accounts that are unreachable and will not see the account’s tweets (either because they’re spam, bots, propaganda, etc. or because they’re no longer active on Twitter).'  Biden's old boss,...
    In this article TWTRThe official profile of Elon Musk on the social network Twitter.Rafael Henrique | Lightrocket | Getty ImagesA new filing with the Securities and Exchange Commission sheds light on the Twitter board's early conversations with billionaire Elon Musk as he decided to join the board, and later, abandon that plan and try to take over the company. The board eventually agreed to sell to Musk for $44 billion, though the Tesla CEO has said the deal is on hold as he studies the number of spam and bot accounts on the platform. Tuesday's filing reveals a timeline of conversations from Twitter's perspective in the lead-up to the deal, beginning on March 26, when Musk reached out to former CEO Jack Dorsey "to discuss the future direction of social media." That same day, Musk also reached out to Twitter board member Egon Duban and the two discussed the possibility of Musk joining the board. The following day, Musk spoke with Twitter board chair Bret Taylor and CEO Parag Agrawal about his interest in Twitter, saying he was considering joining...
    LONDON (AP) — Musk says deal to buy Twitter can’t go forward unless company can show that less than 5% of accounts are fake or spam. Copyright © 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    Donald Trump has predicted Elon Musk will not buy Twitter and urged people to flock to his own social media platform Truth Social. The former president say he did not believe the Tesla billionaire would follow through with the $44billion buyout of the tech firm. He claimed during a rally in Texas on Saturday it was 'because you have so many fake accounts with the bots'. Trump's claims came a day after Musk tweeted his deal to buy Twitter was 'temporarily on hold'. It was also two days after the Tesla founder said Trump should not run for president in 2024, but that his Twitter ban should be lifted. Trump predicted that Elon Musk would not buy Twitter at a rally in Austin, Texas on Saturday On Thursday, Musk tweeted that though he felt Trump's Twitter ban should be lifted, he thinks the former president should not run for reelection Trump told the rally yesterday: 'I don't believe he is going to buy Twitter,' Trump said of Musk, 'Because you have so many fake accounts with the bots... all of the different things I think it...
    Following Tesla CEO Elon Musk’s announcement Friday that he has placed his buyout of Twitter “on hold,” many across social media were quick to react to the news. Breitbart News reported earlier today that Tesla and SpaceX CEO Elon Musk has tweeted that his deal to purchase Twitter is currently “on hold” while an investigation into the number of bots and spam accounts on Twitter is completed. Twitter claimed in a recent filing that less than five percent of its daily active users were fake or spam accounts, now Musk appears to want to confirm this claim, which is lower than most estimates. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk said in a tweet. He later added, “Still committed to acquisition.” Still committed to acquisition — Elon Musk (@elonmusk) May 13, 2022 Many were quick to react to Musk’s announcement, including former President Donald Trump who posted about the deal on Truth Social: BREAKING: Donald Trump weighs in on @ElonMusk’s Twitter bid pic.twitter.com/pZ4b34NSzB — Benny Johnson (@bennyjohnson)...
    SAN FRANCISCO (KGO) -- Elon Musk's $44B deal to buy Twitter appears to have hit a snag. The billionaire tweeted early Friday morning, "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users."
    London (CNN Business)Elon Musk said he is putting his bid to acquire Twitter (TWTR) on hold, weeks after agreeing to take the company private in a $44 billion deal. "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk tweeted on Friday. The news sent Twitter shares down more than 20% in premarket trading. -— This story is developing. It will be updated.
    LONDON (AP) — Elon Musk tweets that his $44B deal to buy Twitter “temporarily on hold” pending new details on spam accounts. Copyright © 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    Musk's plan to buy Twitter has worried policymakers around the world.Joe Skipper | Reuters Tesla CEO Elon Musk has been invited to testify in the U.K. Parliament about his deal to buy Twitter for $44 billion. Julian Knight, who chairs the parliamentary committee on digital, culture, media and sport, sent Musk a letter requesting that he appear before lawmakers to discuss the proposal "in more depth." "At a time when social media companies face the prospect of tighter regulations around the world, we're keen to learn more about how Mr Musk will balance his clear commitment to free speech with new obligations to protect Twitter's users from online harms," Knight said in a statement Wednesday. A Tesla representative was not immediately available for comment when contacted by CNBC. Musk's plan to buy Twitter has worried policymakers around the world due to concerns that the world's richest man will relax restrictions on what users can say or share on the social media platform. In the U.K., the government is keen to push through new laws that would impose a duty of...
    AUSTIN (AP) — In the three days after Elon Musk engineered a deal to buy Twitter, he sold roughly $8.5 billion worth of shares in Tesla to help fund the purchase. Musk reported the sale of 9.6 million shares in filings with the Securities and Exchange Commission on Thursday and Friday. The trades were made at prices ranging from $822.68 to $999.13. READ MORE: San Francisco Liquor Store Employees Busted For Buying Stolen Nordstrom MerchandiseOn Friday, shares of Tesla Inc. were going for around $904.50. The world’s richest man, who is the CEO of Tesla, tweeted Thursday night that he doesn’t plan any further sales of the company’s shares. READ MORE: How To Start A Mental Health Conversation With Your ChildrenTwitter announced Monday that it had agreed to be purchased by Musk for $54.20 a share, or about $44 billion. Analysts said the deal could make Tesla investors nervous that Musk will be distracted by Twitter and less engaged in running the electric car company — and have to sell a large number of Tesla shares to finance the acquisition....
    In the three days after Elon Musk engineered a deal to buy Twitter, he sold roughly $8.5 billion worth of shares in Tesla to help fund the purchase Musk reported the sale of 9.6 million shares in filings with the Securities and Exchange Commission on Thursday and Friday. The trades were made at prices ranging from $822.68 to $999.13. On Friday, shares of Tesla Inc. were going for around $904.50. The world’s richest man, who is the CEO of Tesla, tweeted Thursday night that he doesn’t plan any further sales of the company’s shares. Twitter announced Monday that it had agreed to be purchased by Musk for $54.20 a share, or about $44 billion. Analysts said the deal could make Tesla investors nervous that Musk will be distracted by Twitter and less engaged in running the electric car company — and have to sell a large number of Tesla shares to finance the acquisition. Musk is Tesla’s largest shareholder. On Tuesday, Tesla shares closed down 12%, the biggest single-day drop since Sept. 8, 2020. The shares are...
    Self-described progressive Rep. Jesús García (D-Ill.) has taken issue with Musk shelling out billions to buy the social media giant and suggested that the money could be better spent in another way. "There's so many better uses for that money, other than buying a social media company. He could help solve world hunger, could help save local newspapers, or literally help to build bridges or schools," the lawmaker tweeted, along with the link to a piece on The Verge discussing ways Musk could spend the money. "If @ElonMusk can’t pay his fair share in taxes, why should he be allowed to spend $44 Billion on a vanity project boondoggle to silence his critics? #TaxTheRich," García tweeted. Musk has indicated that he plans to make Twitter into a forum that allows people to engage in free speech. "By 'free speech', I simply mean that which matches the law. I am against censorship that goes far beyond the law. If people want less free speech, they will ask government to pass laws to that effect. Therefore, going beyond the law is contrary...
    PHILADELPHIA (CBS) — SpaceX founder Elon Musk will soon add Twitter to his portfolio of companies. Musk on Monday reached an agreement to buy the social media platform. The world’s richest man will soon have total control over one of the planet’s primary sources of information sharing and it will be his for just $44 billion. Now with this announcement comes cheers and jeers, concern and excitement. Eyewitness News on Monday night spoke to Temple University professor Jason Thatcher about what this could mean. READ MORE: 12-Year-Old, Parents Found Dead In Apparent Double Murder-Suicide In Chester County“They’re getting a celebrity owner, right? This is like having Steve Jobs or Warren Buffet come in and say I believe in the company,” Thatcher said. “So what you’re going to see, at least in the near term, is a spike in stock market valuation.” Musk plans to privatize Twitter once the sale is complete, and though he’s personally blocked journalists who have criticized him on the platform, he’s not a fan of banning users like former President Donald Trump or Georgia Congressmember Marjorie...
    Back in December, Musk referred to Warren as "Senator Karen," after the lawmaker had tweeted about him, "Let’s change the rigged tax code so The Person of the Year will actually pay taxes and stop freeloading off everyone else." "You remind me of when I was a kid and my friend’s angry Mom would just randomly yell at everyone for no reason," Musk tweeted. "Please don’t call the manager on me, Senator Karen." Please don\u2019t call the manager on me, Senator Karen — Elon Musk (@Elon Musk) 1639514979 Musk tweeted in November, "Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock." In December Musk issued a tweet in which he said that he would "pay over $11 billion in taxes this year." For those wondering, I will pay over $11 billion in taxes this year — Elon Musk (@Elon Musk) 1639967041 While some people have criticized Twitter for engaging in censorship, Musk seems poised to make free speech as...
    SpaceX founder Elon Musk reacts at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, U.S., March 2, 2019. Mike Blake | ReutersThe Twitter board has agreed to a $44 billion buyout offer from billionaire Tesla CEO Elon Musk. Beyond that, little is known about what the world's richest person plans to do with his preferred social media platform. Under the terms of the deal, Musk is paying $54.20 per share in cash for Twitter. The announcement ended a weeks-long saga Musk kicked off when he bid to buy the company at that price, which he called his "best and final offer." In Monday's release, Twitter said Musk is providing about $21 billion and has secured $25.5 billion of debt and "margin loan financing," adding that, "there are no financing conditions to the closing of the transaction." Musk is taking over. But just about every other key question regarding the future of Twitter remains...
    (CNN) — Twitter has agreed to sell itself to Elon Musk in a deal valued at around $44 billion, the company said Monday. The deal caps off a whirlwind news cycle in which the Tesla and SpaceX CEO became one of Twitter’s largest shareholders, was offered and turned down a seat on its board and bid to buy the company — all in less than a month. READ MORE: 2 Kids Die In House Fire In Rural Area In St. Joseph CountyUnder the terms of the deal, shareholders will receive $54.20 in cash for each share of Twitter stock they own, matching Musk’s original offer and marking a 38% premium over the stock price the day before Musk revealed his stake in the company. “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing,” Twitter independent board chair Bret Taylor said in a statement, calling the deal ” the best path forward for Twitter’s stockholders.” The deal is expected to close this year. The deal comes after Musk...
    Previously, Musk has been highly critical of the platform’s commitment to free speech principles. Free speech is essential to a functioning democracy.\n\nDo you believe Twitter rigorously adheres to this principle? — Elon Musk (@Elon Musk) 1648193692 He has also expressed concern over the lack of content and engagement generated by high-profile Twitter accounts, voicing concern that the platform is “dying.” Most of these \u201ctop\u201d accounts tweet rarely and post very little content. \n\nIs Twitter dying?https://twitter.com/stats_feed/status/1512729717085929475\u00a0\u2026 — Elon Musk (@Elon Musk) 1649511151 This new deal would come just four days after Musk unveiled how he would finance the acquisition, which caused Twitter’s board to take his offer more seriously. Many shareholders reportedly asked the board not to let the deal offered to them to slip away. In a filing with the Securities and Exchange Commission, Musk revealed that he had received commitments for $46.5 billion to help finance his purchase of Twitter from a group of banks led by Morgan Stanley. According to Reuters, if Twitter and Musk finalize this deal, it would “represent an admission by Twitter that...
    Twitter’s board is close to a deal allowing Elon Musk to buy the company and take it private, in alarming news for anyone who doesn’t want a major social media platform controlled by an egomaniacal billionaire ranting about free speech while his signature company is being sued for racial discrimination. Musk’s initial offer/threat to buy Twitter drew skepticism, but talks turned serious after he made progress in lining up financing, though it’s not yet a done deal and could—especially given who we’re talking about here—fall apart, perhaps in spectacular fashion. RELATED STORY: Elon Musk offers to buy Twitter, attaching something he insists is 'not a threat' According to The New York Times, “An agreement is not yet final and may still apart, but what had initially seemed to be a highly improbable deal appeared to be nearing an endgame. The situation involving Twitter and Mr. Musk remains fluid and fast-moving, the people with knowledge of the situation said.” Musk has claimed he wants to turn Twitter into a “platform for free speech around the globe,” but basically every expert on social media and speech says he...
    Tesla and SpaceX CEO Elon Musk at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin.Patrick Pleul | AFP | Getty Images Elon Musk is exploring whether to commence a tender offer for Twitter, according to a new securities filing. The updated filing published on Thursday says Musk has received commitments for $46.5 billion to help finance the potential deal. Musk has not yet determined he will make a tender offer for Twitter or whether he will take other steps to further the proposal, the filing states. Last week, Musk offered to buy Twitter for $54.20 a share, or about $43 billion. On Friday, Twitter adopted a limited duration shareholder rights plan, often referred to as a "poison pill," in an effort to fend off a potential hostile takeover. Musk, who's CEO of Tesla and SpaceX, in recent weeks has amassed a more than 9% stake in the company. Twitter then extended an offer to Musk to join the board, but on the condition that Musk couldn't buy more than 14.9% of the firm. Musk reversed course and instead made a...
    SAN FRANCISCO -- Elon Musk is offering to buy Twitter, just days after the Tesla CEO said he would no longer be joining the social media company's board of directors.Twitter Inc. said in a regulatory filing on Thursday that Musk, who currently owns slightly more than 9% of its stock and is the company's biggest shareholder, provided a letter to the company on Wednesday that contained a proposal to buy the remaining shares of Twitter that he doesn't already own. Musk offered $54.20 per share of Twitter's stock."I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy," Musk says in the filing. "However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company."Shares of Twitter jumped nearly 12% before the market open.Initial actions since taking over from co-founder Jack Dorsey in November have involved reorganizing divisions without...
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