Thursday, September 29, 2022
HomeCrypto NewsMarketElon Musk Stops Twitter Deal After Report Shows That Twitter Spam Accounts...

Elon Musk Stops Twitter Deal After Report Shows That Twitter Spam Accounts Represent Less Than 5% Of Users

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Elon Musk wanted to acquire twitter to end spam, but a report shows that Twitter spam represents less than 5% of users.



Twitter reported on Monday that fake or spam accounts represent less than 5% of Twitter’s daily active users during the first quarter. The report came after days when Elon confirmed that his main priority would be to end Twitter spam or die trying.

After the report, Elon Musk confirms that he is putting the Twitter deal to halt. 

Previously board behind popular microblogging platform Twitter did not want the deal but finally announced that it has reached an agreement with Elon Musk due to regulatory affairs, a development that allowed Tesla’s CEO and founder to acquire 100% of the company’s stake.

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Mark Brennan
Mark Brennan
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.


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