Sunday, May 22, 2022
Sunday, May 22, 2022

Elon Musk Says Twitter Deal 'Cannot Move Forward' Until CEO Proves Fake Account Numbers

Topline Elon Musk doubled down Tuesday and said his $44 billion bid to buy Twitter “cannot move forward” until the company proves that fewer than 5% of accounts on the platform are fake, the latest road bump in a series of difficulties for one of the tech world’s most hotly followed acquisitions. Elon Musk said Twitter must prove its claim on fake accounts. Getty Images Key Facts Musk said his offer to buy the social media company was “based on Twitter’s SEC filings being accurate” and the company needs to provide more information on the number of fake accounts on the platform. In its filings, Twitter claims fewer than 5% of accounts on the platform are fake or spam accounts. Musk disputes this figure and estimates spam and fake accounts make up 20% of accounts on the platform, four times higher than Twitter’s official number. The real number could be “much” higher than that, Musk added. Musk said Twitter CEO Parag Agrawal “publicly refused to show proof” of Twitter’s claim on Monday, possibly referring to a Twitter thread where the executive rejected Musk’s proposed method to evaluate the number of spam accounts on the platform as flawed. The “deal cannot…

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Antonio Brown declares on Twitter he wants to retire a Steeler

Well, this one certainly comes as a surprise. On Monday, former Pittsburgh Steelers wide receiver Antonio Brown announced on Twitter all he wants to do is retire a Steeler. Brown’s relationship with the Steelers and ultimately the NFL has been nothing short of bizarre. It looked at one time that Brown would finish his career in Pittsburgh and legitimately go down in history as one of the best receivers of all time. Brown’s six-season stretch from 2013-2018 is the greatest of all time for six straight seasons. Since leaving the Steelers, Brown’s career has spiraled and he’s been unable to stick with a team. Now Brown appears to be focusing full-time on a rap career but If he is genuine about this, should the Steelers sign him to a contract to let him retire from the team that took a shot on him back in 2010 and made him the star he is? Let us know in the comments below. Just wanna Retire A Steeler — AB (@AB84) May 16, 2022

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Analysis of Twitter Engagement in a Progressively More Competitive Urology Match

Eric J Macdonald The Smith Institute for Urology, Northwell Health, 450 Lakeville Rd New Hyde Park, New York, 11042; Albert Einstein College of Medicine, 1300 Morris Park Ave Bronx, New York, 10461. Jacob M Gaines The Smith Institute for Urology, Northwell Health, 450 Lakeville Rd New Hyde Park, New York, 11042; College of Medicine, SUNY Downstate Health Sciences University, 450 Clarkson Ave Brooklyn, New York, 11203. Ella Taubenfeld The Smith Institute for Urology, Northwell Health, 450 Lakeville Rd New Hyde Park, New York, 11042. Kevin Labagnara Albert Einstein College of Medicine, 1300 Morris Park Ave Bronx, New York, 10461. Aaron Huang College of Medicine, SUNY Downstate Health Sciences University, 450 Clarkson Ave Brooklyn, New York, 11203. Andrew Winer College of Medicine, SUNY Downstate Health Sciences University, 450 Clarkson Ave Brooklyn, New York, 11203. Ervin Teper Department of Surgery, Maimonides Medical Center, 4802 Tenth Ave Brooklyn New York, 11219. Nitya Abraham Albert Einstein College of Medicine, 1300 Morris Park Ave Bronx, New York, 10461. Kara Watts Albert Einstein College of Medicine, 1300 Morris Park Ave Bronx, New York, 10461. Electronic address: kwatts@montefiore.org.

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Jeff Bezos Criticizes Joe Biden in Twitter Spat Over Inflation – WSJ

By Tarini Parti and Bradley OlsonUpdated May 16, 2022 8:27 am ETThe White House on Monday pushed back against Amazon.com Inc. founder Jeff Bezos after he criticized the Biden administration in two tweets over the weekend for tying the corporate tax structure to rising inflation.The tweets were spurred by one from President Biden on Friday, which said: “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.”

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'Twitter legal just called….': Elon Musk amid acquisition deal tumult – Moneycontrol

Elon Musk has said he is waiting for Twitter to provide data on the proportion of its fake accounts. Reuters May 15, 2022 / 09:20 AM IST Elon Musk’s $44 billion deal to take over Twitter is presently on hold. Elon Musk on Saturday tweeted that Twitter's legal team accused him of violating a nondisclosure agreement by revealing that the sample size for the social media platform's checks on automated users was 100."Twitter legal just called to complain that I violated their NDA by revealing the bot check sample size is 100!," tweeted Musk, CEO of electric car maker Tesla Inc.Twitter legal just called to complain that I violated their NDA by revealing the bot check sample size is 100!This actually happened.— Elon Musk (@elonmusk) May 14, 2022Musk on Friday said that his $44-billion cash deal for Twitter Inc was "temporarily on hold" while he waits for the social media company to provide data on the proportion of its fake accounts.He added later that he remained committed to the deal.Read: How Elon Musk plans to find true number of bots on Twitter

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Twitter short-sellers add $139 million to May's paper profit – The Economic Times

The confusion surrounding Elon Musk’s takeover bid for Twitter Inc. has delivered millions in paper profits to short sellers betting that the world’s richest person won’t follow through on his purchase of the social media platform. Twitter’s 9.7% drop in Friday’s trading delivered a $138.8 million boost in mark-to-market profits for short sellers, according to S3 Partners data, bringing potential returns for the month to $264.4 million. Musk sent a tweet on Friday saying that his $44 billion was “temporarily on hold” before quickly maintaining that he is “still committed” to the deal. The pair of messages sent Twitter shares into a tailspin with the gap between his $54.20 offer price and the stock’s trading widening to the largest since it was struck. BloombergRoughly 1.32 million shares, worth $60 million, were shorted over the last week as the spread started to widen, according to Ihor Dusaniwsky, S3 Partners’ managing director of predictive analytics, who called the base of short sellers “reinvigorated.” However, on the whole, Twitter shorts are still down for the year, losing roughly $69 million, he said by email. Roughly 5% of Twitter shares available for trading are currently sold short, worth about $1.43 billion, the firm’s data…

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Twitter CEO: 'We need to be prepared for all scenarios' – The Verge

Twitter CEO Parag Agrawal acknowledged the possibility that Elon Musk’s deal to purchase the company could fall through in a series of tweets this afternoon that sought to explain why he’s shaking up Twitter’s leadership. Agrawal said that he’s still “accountable for leading and operating” Twitter for the time being and that his recent changes are meant to “build a stronger Twitter” and help manage costs. “While I expect the deal to close, we need to be prepared for all scenarios and always do what’s right for Twitter,” Agrawal said. His remarks come after Musk tweeted this morning that his $44 billion purchase of Twitter is “temporarily on hold” over concerns about spam and fake accounts. While it is entirely unclear whether Musk can actually pause the deal — Matt Levine at Bloomberg says putting a deal on hold “is not a thing” — the remarks were still enough to send Twitter’s stock plummeting around 10 percent today, scaring off investors over the concern that the agreement could fall through. While I expect the deal to close, we need to be prepared for all scenarios and always do what’s right for Twitter. I’m accountable for leading and operating Twitter, and…

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Elon Musk Says Twitter Deal On Hold, Sending Stock Down 20% | Mint

Elon Musk on Friday said his $44 billion deal to buy Twitter is on hold temporarily as he waits for details confirming spam or fake accounts on the micro-blogging site are less than 5% of users. 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, 2022 Twitter estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter. The social media company had 229 million users who were served advertising in the first quarter. Shares of the social media company fell 20% in premarket trading. Musk, the world's richest man and the chief executive of Tesla Inc, had said that one of his priorities would be to remove "spam bots" from the platform. Fighting fake accounts has been a cornerstone of Musk’s bid to reform Twitter. In a statement announcing his deal to buy Twitter last month, he revealed he wanted to defeat spam bots, authenticate all humans and make its algorithms open source. Musk has also said he’d like to make the platform a bastion of free speech, taking the guardrails off of content…

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Explained: Why has Elon Musk put the Twitter deal on hold? – The Indian Express

Elon Musk said that his $44 billion deal to acquire Twitter has been put on hold. The billionaire Tesla chief cited pending details to support the microblogging site’s claim that spam or fake accounts were less than 5 per cent of its total user base. What has Musk said? In a tweet Friday, Musk said: “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users”. He shared a link in his tweet to a May 2 Reuters story titled ‘Twitter estimates spam, fake accounts comprise less than 5% of users -filing’. 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, 2022 Why has Musk put the Twitter deal on hold? The world’s richest man on prior occasions has said that removing “spam bots” from Twitter will be one of his top priorities following the completion of the acquisition. What is Twitter’s claim on spam users? Earlier this month, the microblogging platform had claimed in a regulatory filing that false or spam accounts represented fewer than 5 per cent of its monetisable daily active…

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