Ban: Twitter to resume operation in Nigeria
Elon Musk halts processes for Twitter acquisition deal
Technology entrepreneur, Elon Musk, has put his $44-billion deal for Twitter acquisition “temporarily on hold” while he awaits data on the proportion of its fake accounts.
Musk’s flag on the acquisition deal reportedly affected the shares of the micro-blogging platform negatively by pulling down the value of the company’s share in the stock market.
In his latest tweet, Musk referred to a Reuters story from May 2 that said Twitter had estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter.
Elsewhere, another company promoted by Elon Musk, Tesla, also said it has plans to sell electric cars in India put on hold. The company which leads electric vehicle market in the world stated that it has also abandoned a search for showroom space and reassigned some of its domestic team.
Tesla stated that it changed investment decision to launch into the Indian market after failing to secure lower import taxes, according to a report by Reuters.
