Home Technology Elon Musk: here’s why the billionaire temporarily suspends the takeover of Twitter

Elon Musk: here’s why the billionaire temporarily suspends the takeover of Twitter

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The announcement of the takeover of the social network Twitter last April by billionaire Elon Musk caused a media earthquake. It was then expected that this substantial buyout of $44 billion would cause great upheaval. It will nevertheless be necessary to wait, since the billionaire has just made an important declaration.

Elon Musk’s ambitions for twitter

The ambitions of the tech magnate were quickly displayed. He thus planned to drastically increase the company’s profit, with annual sales of 26.4 billion dollars (24.98 billion euros) by 2028 and up to 9.4 billion dollars in flows. cash.

He also wants to make the algorithm free in order to bring more transparency about what is happening on the network. He also announced to modify his policy of 90% of the site’s income via advertising, moving towards an equal relationship between subscription and advertising.

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Finally, it plans to increase the number of employees working on Twitter, from 7,500 currently to 11,100 by 2025.

But…

But these great maneuvers will not be implemented immediatelysince important information has just fallen: Elon Musk has just announced the suspension of the takeover of Twitter. Why ?

The announcement fell via a tweet posted by the businessman: “ The agreement is temporarily suspended pending details of the calculations that fake accounts and spam actually represent less than 5% of users “, did he declare.

Thus, Musk would wait for details on an audit claiming that fake accounts represent less than 5% of users of the social network.

Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn

May 13, 2022

More details on this matter should fall in the next few hourswhose we will of course keep you informed.

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Recently, the businessman revealed that he intends to lift the ban on the account of Donald Trump, the latter banned from the network in January 2021. “I think that was a mistake, because it alienated a lot of the country and ultimately didn’t stop Donald Trump from being heard “explained the entrepreneur. Ultimately, Twitter must become the refuge of freedom of expression, which the businessman considers the victim of too strict content moderation.

If you want to go further, you can find here the 5 reasons that could push Elon Musk to abandon his takeover project.

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