Elon Musk Says “Expectations” Of Twitter Employees Will Be “Extreme” Following Takeover

Elon Musk says his deal to buy Twitter can't move forward unless the company shows public proof that less than five percent of the accounts on the social media platform are fake or spam.Musk made the comment in a reply to another user on Twitter early Tuesday. He spent much of the previous day in a back-and-forth with Twitter CEO Parag Agrawal, who posted a series of tweets explaining his company's effort to fight bots and how it has consistently estimated that less than five percent of Twitter accounts are fake.In his tweet Tuesday, Musk said that «Twenty percent fake/spam accounts, while four times what Twitter claims, could be much higher.

Todd Spangler NY Digital EditorIn the latest turn of Elon Musk’s will-he-or-won’t-he Twitter buyout saga, the billionaire is demanding hard proof of the social network’s assertion that less than 5% of its users are fake accounts or spam bots — and he said the deal cannot “move forward” until Twitter does so.Without citing any evidence for his claim, Musk tweeted that Twitter’s base could represent “20% fake/spam accounts,” four times what the company claims, and it “could be *much* higher.” He cited Twitter CEO Parag Agrawal’s reply Monday to Musk’s assertion about the fake/spam accounts, in which Agrawal said in part that “Unfortunately, we don’t believe that this specific estimation can be performed externally, given the critical need to use both public and private information (which we can’t share).” “My offer was based on Twitter’s SEC filings being accurate. Yesterday, Twitter’s CEO publicly refused to show proof of <5%.

Elon Musk said overnight that his $44 billion acquisition of Twitter can’t move ahead unless the company backs up statements about the number of fake accounts on the platform, which the company has put at under 5%.

Elon Musk said Friday that his planned $44 billion purchase of Twitter is «temporarily on hold» pending details on spam and fake accounts on the social media platform, another twist amid signs of internal turmoil over the proposed acquisition.In a tweet, the Tesla billionaire linked to a Reuters story from May 2 citing a financial filing from Twitter that estimated false or spam accounts made up fewer than 5% of the company's «monetizable daily active users» in the first quarter.«Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,» Musk said, indicating he's skeptical that the number of inauthentic accounts is that low.A short time later on Friday morning, Musk tweeted that he remains committed to the purchase. Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuynIt wasn't clear whether the issue could scuttle the deal. Shares of both Twitter and Tesla swung sharply in opposite directions, with Twitter's stock tumbling 17% to $37.20 before trading opened in the U.S, and Tesla, which Musk had proposed using to help fund the Twitter deal, jumping 5%.

Todd Spangler NY Digital EditorIs Elon Musk getting cold feet over his $44 billion bid for Twitter — or is he just trying to drive the price tag down?Early Friday, the mega-billionaire tweeted that his deal for the social network was “temporarily on hold,” citing the need to conduct due diligence on Twitter’s claim that fake and spam accounts represent less than 5% of its active user base. He linked to a Reuters story based on Twitter’s latest quarterly 10-Q with the information.However, that disclosure has been in Twitter’s SEC filings for years — literally since the company first went public in 2013.

tweeted. Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuynMusk’s tweet referenced a May 2 news story about a Twitter regulatory filing that claimed that spam and fake accounts — something that Musk had vowed to crack down on on the platform — accounted for less than 5% of all the 229 million daily active users who are served advertising.

Elon Musk has said his $44BN deal for Twitter is “temporarily on hold” as he awaits details on the social media platform’s revelation that fewer than 5% of its monetizable daily active users are false or spam accounts.

Naman Ramachandran The Twitter deal is temporarily on hold, billionaire Elon Musk posted on Friday.“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk posted on Twitter.Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn— Elon Musk (@elonmusk) May 13, 2022In the tweet, Musk provided a link to a May 2 Reuters article quoting Twitter’s filing on Monday. “Twitter Inc estimated in a filing on Monday that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter,” the Reuters piece said.Musk has been vocal about cleaning the platform of spam bots.

Elon Musk said Twitter would reverse its ban of former President Donald Trump if his purchase of the social media company goes through, signaling just how permissive the platform could become toward free speech under his ownership.

Elon Musk confirmed what has been speculated since he reached a deal to buy out Twitter: He’d allow Donald Trump to return to the platform.

Todd Spangler NY Digital EditorCould Donald Trump return to Twitter after all?Elon Musk, who has reached a $44 billion deal to acquire Twitter, said the social network’s permanent ban on the 45th U.S. president was a “morally bad decision” — one that he would overturn, if Musk successfully closes the deal.Twitter’s ban of Trump “was a mistake because it alienated a large part of the county and did not ultimately result in Donald Trump not having a voice,” Musk said, speaking at a Financial Times automotive conference, as reported by the Wall Street Journal.Musk also said, “If there are tweets that are wrong and bad, those should be either deleted or made invisible, and a suspension — a temporary suspension — is appropriate, but not a permanent ban.” Trump has insisted he wouldn’t rejoin Twitter regardless of who owns it.

leaned into censoring certain users and content in the months leading up to his resignation.How things have already changed.Dorsey is among a new group of investors being floated by Elon Musk, the free-speech champion massing billions to complete his purchase Twitter, to participate as an investor in his private version of the company, according to a Securities and Exchange Commission filing from Thursday.The more than $7 billion in new money includes 19 investors, some of whom are current Twitter shareholders – including Larry Ellison, Sequoia Capital, Qatar Holding, and Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud of Saudi Arabia. Equity commitments range from $1 billion (Ellison) on down to $5 million (Honeycomb Asset Management).It wasn’t immediately clear how the $7 billion would fit into the standing $44 billion offer that Musk made for the company, which was accepted late last month.

Todd Spangler NY Digital EditorElon Musk, the mega-billionaire Twitter power user who last week clinched a deal to acquire the company, has floated a new idea for the social network make money.Musk on Tuesday posted that Twitter may impose “a slight cost” for companies or government accounts to use the service, without elaborating.“Ultimately, the downfall of the Freemasons was giving away their stonecutting services for nothing,” Musk tweeted. “Twitter will always be free for casual users, but maybe a slight cost for commercial/government users.”To be sure, it’s just Musk spitballing at this point about what may happen once he closes the $44 billion deal to buy Twitter.

K.J. Yossman The U.K.’s Digital, Culture, Media and Sport (DCMS) committee has invited Elon Musk to discuss his proposed purchase of Twitter.MP Julian Knight, who chairs the cross-party parliamentary committee, has written to Musk to extend the invitation.“My Committee has noted your proposed acquisition of Twitter and we are interested in the developments you propose,” Knight writes.

Elon Musk has arrived on the red carpet at the 2022 Met Gala with his mother as his date. The billionaire wore a black tuxedo while his mother, supermodel Maye Musk, opted for a long-sleeved red velvet dress.

Tesla stock has reversed its slump after Elon Musk said he is finished selling stock in the electric vehicle firm he runs as CEO in order to fund his pending $44 billion acquisition of Twitter.

Elon Musk has been making headlines after buying Twitter for a modest $44 billion cash on Monday.

Cate Blanchett says Elon Musk's takeover of Twitter is "very, very dangerous" for society. The 52-year-old actress is among the celebrities voicing their concerns about the Tesla and SpaceX CEO's purchase of the social media network and his plans to make it a "free speech" zone. In an interview with Variety, the 'Lord of the Rings' star simply said: "It's dangerous.