Buyers sometimes develop cold feet right after getting what they want. But Musk says his decision to back out of the Twitter deal is due to too many unanswered questions.
After announcing the takeover bid, Musk and his team requested data regarding the spam accounts on the platform.
In addition to halting the need for Facebook credentials, Meta is also changing its marketing strategy.
Reddit has stated that the avatars aren’t NFTs. Thus, users do not need an existing crypto wallet to buy them.
TikTok confirmed canceling its plans of expansion. The company, however, articulated its commitment to the UK shop’s success.
Earlier, Twitter gave Musk access to a “firehose” of data including every tweet posted on the platform, in order to enable him to independently verify levels of bot activity.
The crypto industry is hopeful that if Musk becomes the owner of Twitter, he would bring digital payments to the platform.
Twitter founder Jack Dorsey misspelled Solana amid his recent Web5 announcement. Taking it jokingly, Solana renamed its Twitter account to Solano.
Top Twitter executives plan to organize a shareholder vote no later than August for opinions on the Musk acquisition deal.
Elon Musk accused Twitter of being in “material breach” of its deal obligations by not providing the required information on fake accounts.
The more the acquisition deal stalls, the more the social media giant’s valuation slumps.
Initially, Musk was committed to paying $27.3 billion in cash for the takeover. Now, as he increased this sum to $33.5 billion, the amount of debt he will have to take on from banks is lower.
Jack Dorsey’s stepping down comes as per their scheduled plan. On the other hand, Twitter investors have voted to oust Musk’s ally Egon Durban to keep him out of any further decision-making in the Twitter deal.
Hackers posted phishing links via Twitter’s Beeple account pretending to be a “raffle” of Beeple’s Louis Vuitton collaboration.
Currently, there is no information on TikTok’s plans to roll out the feature in other markets.