Elon Musk pause Twitter buying temporarily

The magnate owner of Tesla announced that the acquisition of Twitter will not be carried out for the time being

Elon Musk decided to temporarily suspend the purchase of Twitter, which he agreed to at the end of last April for some 44,000 million dollars, as reported by the tycoon through his official profile on the social network of the same name.

The platform acknowledged in a document registered with the Securities Market Commission (SEC) of the United States that “there are inherent challenges in measuring the use and participation” of the large number of total social network accounts around the world. And added that the metrics may be affected by efforts to reduce malicious activity on the service, including spam, malicious automation, and fake accounts.

In this sense, the company explained that, after an internal review of a sample of accounts, it estimated that the average number of false or spam accounts during the first quarter of 2022 “represented less than 5%” of active monthly users in the quarter.

However, Twitter admitted that such estimate of fake or spam accounts “may not accurately represent the actual number of such accounts“, admitting that the actual number of active fake or spam accounts on the social network “could be higher than estimated.” “.

In the presentation of its results for the first quarter, the network acknowledged an error whereby from the first quarter of 2019 to the fourth quarter of 2021 it had overestimated the calculation of its monetizable active daily users by almost two million accounts.

K. Tovar

Source: Elpais

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