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Elon Musk Puts On Hold $44 Billion Deal For Twitter

Elon Musk, the world’s richest man, had said that one of his priorities would be to remove “spam bots” from Twitter. Elon Musk said he’s putting his $44 billion takeover of Twitter “temporarily on hold,” saying that he wants more details about how many of the social platform’s accounts are bogus or spam.

The Reuters article cited a federal filing Twitter made shortly after the company reached a sales deal with Musk, stating that of the 229 million Twitter users who saw advertising in the first quarter of 2022, less than 5% were fake accounts.

Musk will examine Twitter’s estimates of fake accounts

Dear friend, The 5% figure comes from Twitter’s first-quarter earnings report. which it released days after reaching a sales agreement with Musk.

The question of fake Twitter accounts has to do with how the company tracks the number of “monetizable daily active usage or users” — essentially, the accounts it shows ads to, when people or organizations access Twitter on any given day.

Who is the No 1 richest person in world?

Tesla TSLA, -4.70% and SpaceX CEO Elon Musk has overtaken Amazon AMZN, -3.39% founder Jeff Bezos as the richest person in the world. According to the latest Forbes billionaires list, Musk is the new No. 1, with a net worth of $219 billion — Musk was No. 2 on the list in 2021, behind Bezos

Elon Musk Net Worth 2022

Full Name Elon Reeve Musk FRS
Age 50 (As of 2022)
Residence Pretoria, South Africa
Salary
Elon Musk Net Worth 267.3 billion USD
Source of Worth business
Endorsements
Charity
Marital Status Married

Elon Musk Short Details

  • Net worth: 267.3 billion USD (2022) Forbes, Trending
  • Born: June 28, 1971 (age 50 years), Pretoria, South Africa
  • Children: X Æ A-Xii, Nevada Alexander Musk, Xavier Musk, MORE
  • Spouse: Talulah Riley (m. 2013–2016), Talulah Riley (m. 2010–2012), Justine Musk (m. 2000–2008)
  • Nationality: American, Canadian, South African
  • Parents: Errol Musk, Maye Musk
  • Education: University of Pennsylvania (1992–1997),

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