At the time, Musk defended the cuts and other cost-cutting measures, stating the company was losing $4m per day. Current employees have described a harrowing environment at the company, which laid off nearly half its workforce in November 2022. Musk, who purchased Twitter in October 2022 for $44bn, has made a number of additional changes to the platform in the intervening months, allowing the return of previously banned accounts like that of Donald Trump, changing the process for Twitter verification, and revoking free access to the platform’s API, or application programming interface.Īmid ongoing criticisms of his decisions as chief executive, Musk has promised to step down and find a replacement as soon as later this year. Users have complained since Twitter made its “For you” page the default feed on the platform in January that Musk’s tweets were appearing more frequently. Last week, a report from Platformer also revealed Musk had fired a principal engineer at Twitter who told him views on his tweets had decreased organically, with interest in the erratic CEO waning. The decision to devote internal resources to promoting his own tweets comes amid ongoing reports about Musk’s obsession with his own impressions on the platform. He also told followers to “stay tuned” while Twitter makes adjustments to the algorithm. Musk seemed to publicly confirm the move, in his own way, posting a meme about forcing followers to read his tweets. TikTok video from user5539124049884 (tbazany): US President Joe Biden is getting the internets collective side-eye. Newsweek has asked the White House and Twitter for comment.Elon Musk checks his phone during Super Bowl LVII in Glendale, Arizona. Musk's decision to put the deal on hold knocked 15 percent off Twitter's share price in pre-market trading on Friday. Twitter has been reporting that five percent estimate since 2019 and it has been mentioned in the company's last 11 quarterly reports. Musk announced on Twitter on Friday that the deal to buy the company was "temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users." Musk's account has more than 93.3 million followers and SparkToro's tool found that 70.2 percent of those accounts are fake. The software company's tool also found that Biden's account has more fake followers than most. Elon Musk Says Twitter Deal Is 'On Hold' Over Fake Accounts.Amber Heard Met Elon Musk After Johnny Depp Stood Her Up at Met Gala.Pavlo Gonchar/SOPA Images/LightRocket via Getty Images Musk said he believes that 20 of all Twitter. Elon Musk Says He'll Vote Republican for First Time in Next Election A new audit claims that nearly half of President Biden’s Twitter followers are fake.Elon Musk Reacts to Analysis on Twitter Takeover Hurdle-'Interesting'.or because they're no longer active on Twitter)." SparkToro defines fake followers as "accounts that are unreachable and will not see the account's tweets (either because they're spam, bots, propaganda, etc. Twitter's stock price is now $36.80 per share, significantly less than the $54.20 per share that Musk has offered. There has been speculation that Musk may be using the fake accounts issue to negotiate a better deal for Twitter. Musk initially responded to Agrawal's 13-tweet thread with a poop emoji and later wrote: "So how do advertisers know what they're getting for their money? This is fundamental to the financial health of Twitter." The Twitter CEO also said the company has estimated "every quarter" that less than five percent of monetizable daily active users (mDAU) were spam accounts. We also lock millions of accounts each week that we suspect may be spam, if they can't pass human verification challenges (captchas, phone verification, etc)," Agrawal wrote. "We suspend over half a million spam accounts every day, usually before any of you even see them on Twitter. He and Agrawal exchanged a series of tweets about the issue of fake accounts on Monday. It is not clear how Musk arrived at the 20 percent figure. This deal cannot move forward until he does." "Yesterday, Twitter's CEO publicly refused to show proof of <5%. "My offer was based on Twitter's SEC filings being accurate," Musk wrote. Musk, the world's richest man, claimed that 20 percent of Twitter accounts were "fake/spam accounts" and that figure was "4 times what Twitter claims, could be *much* higher." An audit has found that almost half of Biden's followers on Twitter are fake. US President Joe Biden delivers remarks during the National Peace Officers Memorial Service at the US Capitol in Washington, DC, on May 15, 2022.
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