Elon Musk Terminates his plan on buying Twitter for $44billion
By: Cecilia Zhang
Elon Musk, Elon Musk is one of the world's richest person, the founder of rocket company SpaceX and CEO of electric car company Tesla.
buying Twitter. Musk is buying Twitter because he thought that Twitter failed to provide enough information on the number of spam and fake accounts. Musk says that Twitter is refusing to tell him how many bots are on Twitter. Musk believes that 20% or more of Twitter users are bots. This is why Musk did not buy Twitter.
Elon Musk has been trying to figure out how many daily active users are on Twitter. Elon Musk has also not been happy with the ban of some accounts, like DonaldTrump.
Tesla's share prices have lowered after Elon Musk announced his deal with Twitter. Musk had said that he promised to loosen Twitters moderation rules once her owned Twitter.
Yesterday more than a million spam accounts were removed from Twitter. Elon Musk has also asked about how the platform presents tweets to users, which currently gives a bigger attention to some accounts.