Reportedly, Tesla’s (TSLA) CEO Elon Musk’s $44 billion acquisition of Twitter Inc. (TWTR) is “temporarily on hold”, tweeted the CEO until more information about the proportion of fake accounts is received, sending the social media giant into a tailspin. Fighting the fake accounts has been a keystone of Musk’s bid to reform Twitter. Last month, he revealed he wanted to defeat spam bots, authenticate all humans, and make its algorithms open source. He wanted to make the platform fortress of free speech, taking the guardrails off of content moderation.
Recently, concerns are doing rounds about whether Musk would be able to pull off his acquisition of the micro-blogging site and he may consider dropping his bidding price on Twitter. However on the other hand, aside from doubts over the extent of spambots on Twitter’s platform, the world’s richest person is still working to secure the money to complete the deal. As per sources, the CEO is in talks with investors to raise enough equity and preferred financing to eliminate the need for any margin loan linked to his Tesla shares.
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