Tuesday, March 5, 2024

“Agreement to take over the suspended social network” – Corriere.it

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from Alicia Crociani

The world’s richest man has tweeted that he has temporarily suspended the $44 billion process of checking for spam and fake accounts.

Elon Musk never ceases to surprise her. The South African billionaire businessman chose meticulously Twitterthe social network that you represent Acquisition of majority stake
for $44 billion, To advertise one process pause. Agreement ‘Temporarily pending Pending details supporting account that fake/fake accounts representing less than 5% of users,” Musk wrote, linking to a file Reuters news agency article On May 2 which shows the numbers that now the richest man in the world wants to check. immediate reaction a Wall Streetwhere Twitter participates in the pre-market It fell 19.4% to $36.3 Against the previous closing price of $45, the price of Tesla was up 4.9%.

controversy

Another grind to catch after The Wall Street Journal announce work from secthe authority that oversees the US stock exchange, to verify the Twitter takeover transaction, and in particular, On the irregular default secrecy of the cumulative stake in the company prior to submitting the purchase offer. while the The New York Times Remember, Musk will have to pay a $1 billion fine if he blows up the deal. The controversy is not over for Twitter. before the musk takeover, CEO Parag Agrawal He earns $30.4 million. He fired two company directors Most new hires have been frozen. Cost cuts stemming from Twitter’s failure to meet user targets and revenue growth.

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May 13, 2022 (change on May 13, 2022 | 12:56 am)

Wynne Dinwiddie
Wynne Dinwiddie
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