Twitter: Plans to close the deal with Musk on agreed terms – yqqlm

IT House July 8 news, Twitter said on Thursday that they intend to complete the deal with Tesla CEO Musk on agreed terms.

Tesla CEO Elon Musk’s planned $44 billion deal to buy Twitter has plunged 7 percent after hours, people familiar with the matter said. Negotiations with investors have cooled in recent weeks, and Musk’s team has concluded that Twitter’s spam account data cannot be verified, people familiar with the matter said.

It is worth mentioning that foreign media reported that Musk’s $44 billion deal to acquire Twitter was in serious crisis. A person familiar with the matter said that in recent weeks, negotiations with investors have cooled down, and Musk’s team It has been concluded that Twitter’s spam account data cannot be verified. In response, Twitter executives said in a briefing on Thursday that Twitter removes more than 1 million spam accounts a day, providing new insights into efforts to reduce harmful automated bots as billionaire Elon Musk asks for More details on social media companies.

Musk has previously said he would stop buying Twitter for $44 billion unless Twitter proves that spam and bot accounts account for less than 5 percent of its users.

Twitter closed up about 1.52% today and fell about 4.15% after the market, with a market value of $29.643 billion.

IT House has reported that Twitter announced on April 26 that it had accepted Musk’s $44 billion acquisition proposal.

Twitter’s advertising revenue in the first quarter was $1.11 billion, compared with an estimated $1.12 billion, a year-on-year increase of 23%; subscription and other revenue totaled $94 million, down 31% year-on-year; capital expenditures in the first quarter were $163.2 million, compared with an estimated $185.4 million. The average daily active users in the first quarter was 220.9 million, an increase of 15.9%.

In addition, Twitter’s Q1 net profit was $513 million, with a net profit margin of 43%, including a $970 million pretax gain from the $1.05 billion sale of MoPub and a $331 million income tax related to the gain, compared with a net profit of $68 million in the same period last year .