Elon Musk to Buy Twitter: Tesla CEO Reaches $44 Billion Deal After Rejecting Seat on Social Media Platform’s Board

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%.

Elon Musk has announced that he has paused his deal to buy Twitter for $44 billion.

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.

In a sign that managing 4 million retail shareholders isn’t all fun and games, AMC Entertainment CEO Adam Aron said most advice het gets in voluminous social media correspondence is “well intended” but “some may be hurled at us with an intent of actually harming me or the company.” It’s the first time he’s publicly called out any problem with the new fan-run regime.

CNBC, which cited unnamed sources.The Tesla CEO will take over as CEO of the social company for several months after the deal closes to take Twitter private for $44 billion. This comes as the San Francisco giant now faces an uncertain future under Musk’s potential ownership.

Fox Sports and Twitter are expanding a partnership to feature previews and live pre-game shows for every FIFA World Cup Qatar 2022 and FIFA Women’s World Cup Australia & New Zealand 2023 match.

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.

Kelly Ripa and Mark Consuelos are celebrating a very special day!

Chelsea Manning is speaking out.

Todd Spangler NY Digital EditorElon Musk, who’s set to become Twitter’s sole owner, is prohibited from posting tweets that “disparage” the social network.But that didn’t stop Musk, the CEO of Tesla and SpaceX and the world’s richest person, from criticizing Twitter’s 2020 decision to freeze the account of the New York Post, after the paper published unverified stories about Hunter Biden.“Suspending the Twitter account of a major news organization for publishing a truthful story was obviously incredibly inappropriate,” Musk tweeted Tuesday evening.That was in reply to a post by Saagar Enjeti, political commentator and co-host of “Breaking Points,” which linked to a story by Politico describing how Vijaya Gadde, Twitter’s head of legal, policy and trust, and safety — the exec who oversaw the company’s suspension of the New York Post — cried during a meeting with staffers discussing Musk’s takeover. In October 2020, Twitter blocked the New York Post’s account for 16 days over the newspaper’s series of disputed stories on Hunter Biden, in what became a flashpoint for Republicans charging Twitter with censorship of conservatives.

Jameela Jamil announced on Twitter Monday that she has issued her "last tweet" on the social media platform.  Her message comes after Elon Musk purchased Twitter for $44 billion. Following Twitter's announcement of its new owner, Musk tweeted, "I hope that even my worst critics remain on Twitter, because that is what free speech means."  Jamil, a 36-year-old London native, shared four images of herself holding a puppy.  "Ah he got twitter," Jamil began. "I would like this to be my what lies here as my last tweet.

Jordan Moreau Director Adam McKay’s Netflix film “Don’t Look Up,” which starred Leonardo DiCaprio, Jennifer Lawrence, Meryl Streep, Cate Blanchett, Mark Rylance and more A-listers, made a splash last winter for how the dark, political comedy eerily mirrored real life. The film tackled issues of climate change and media misinformation, and one fictional tech billionaire character hit even closer to home after Elon Musk and Twitter agreed to a $44 billion deal on Monday.“It’s dangerous,” Blanchett told Variety about Musk’s Twitter takeover, at the Chaplin Award Gala in New York on Monday. “That’s all I have to say, it’s very, very dangerous.”Rylance’s character, Peter Isherwell, an eccentric tech CEO who profits off a comet hurtling toward Earth, was based partly on Musk, Jeff Bezos, Mark Zuckerberg and Steve Jobs.

Todd Spangler NY Digital EditorTwitter is now in Elon Musk’s hands. What his successful maneuver to buy the company means for its 200 million-plus users — or for media and entertainment companies that use the platform to reach global audiences — is anything but clear.In the space of three weeks, Musk went from disclosing a 9.2% stake in Twitter to clinching a $44 billion deal for the company on April 25.

Elon Musk has made his dreams of owning Twitter come true after reaching a deal to buy the website for what’s been reported as $44 billion. The Tesla CEO shared his excitement in a press release on Monday.

The Independent.His offer was initially turned down by Twitter, which put a “poison pill” measure in place to stop a takeover attempt by Musk. However, the two parties later entered talks before the deal entered its final stages of negotiations.Yesterday, Musk shared a glimpse into his policy for the platform.

Pat Saperstein Deputy EditorTwitter co-founder and former CEO Jack Dorsey commented on Elon Musk’s acquisition of the social media platform on Monday night, kicking off his thread with Radiohead’s song “Everything In Its Right Place.”“I love Twitter. Twitter is the closest thing we have to a global consciousness,” he wrote.After stepping down from Twitter in November 2021, Dorsey continued to sit on the company’s board of directors. The board approved Musk’s $44 billion acquisition Monday morning.I love Twitter.