Tech

Musk says Twitter takeover will not go ahead without clarity on spam accounts

Published

4 years ago

May 17, 2022

Elon Musk’s Twitter takeover has briefly paused with the billionaire wanting to know how many fake BOT accounts are on the platform

Musk says his bid to buy Twitter was “temporarily on hold” pending details about how many spam and fake accounts are on the platform.

Managing Direction and analyst at Wedbush Securities, Dan Ives says he thinks Musk may have gotten cold feet or is trying to push the price down.

He says that bots and fake accounts on Twitter have played a factor.

“Twitter’s claim is that there’s less than five per cent. Musk said it could be as much as 20 per cent… I think this continues to be a bit of a scapegoat, you know, for him to try to get at a deal,” Ives says.

Over the weekend, he tweeted that Twitter’s legal team called to complain that he had violated their non-disclosure agreement. Twitter has declined to comment

So how do advertisers know what they’re getting for their money? This is fundamental to the financial health of Twitter.
— Elon Musk (@elonmusk) May 16, 2022

Musk set to negotiate a lower Twitter purchase price

Ives says Musk is attempting to lower the price of the original billion dollar deal.

“Now the question is what is he ultimately offering and negotiating? And then what will the Twitter board do?”

Musk’s involvement with Twitter plays a significant role in how the company performs.

“Musk has a billion dollar breakup fee pretty small relative to the deal. If he walks, you could see Twitter stock go down in a few hours.”

“He’s hugely critical to the company,” he says.

However, Ives does believe that Musk ultimately wants to get the deal done.

“I think ultimately, Musk comes back somewhere in the mid 40 billions…and then ultimately, this becomes a back and forth between the Twitter board.”

Alternaviely, Ives suggests that if Twitter do not comprimise, Musk may walk from the Twitter deal all together.

Over the recent weeks Twitter stocks have been hit compared to other stocks.
“I’d it is historic in terms of what I’ve seen going on…I think quality tech is oversold here and markets are already pricing in a modest recession.”

Amanda Gunn contributed to this post.

Tech

Apple set to unveil budget iPhone 17e, new iPads and low-cost MacBook

Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.

Published

4 days ago

February 27, 2026

Harvey Vargas

Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.

Apple Inc. CEO Tim Cook has confirmed a major week of product announcements kicking off Monday morning, building momentum toward a global “Apple Experience” event across New York, London and Shanghai. The tech giant is expected to spread its reveals across three days, fuelling speculation about its biggest refresh cycle yet.

Leading the buzz is the rumoured budget-friendly iPhone 17e, signalling Apple’s push to capture more price-conscious consumers without sacrificing performance. Two new iPads powered by advanced chips are also tipped to headline the lineup, pointing to stronger AI capabilities and faster processing speeds.

Rounding out the expected reveals is a low-cost 12.9-inch MacBook that’s already generating serious interest, alongside updated MacBook Pro models and a refreshed Mac Studio. It’s shaping up to be one of Apple’s most significant multi-product launches in recent years.

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#Apple #TimCook #iPhone17e #AppleEvent #TechNews #iPad #MacBook #Innovation

Tech

Nvidia posts record revenue as AI fears shake investors

Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.

Published

4 days ago

February 27, 2026

Harvey Vargas

Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.

Nvidia posted strong quarterly earnings, but Wall Street remained unimpressed, causing shares to fall 5%. Analysts point to investor concerns over AI dominance and a stalled $100 billion deal with OpenAI.

Experts discuss what factors in the earnings report failed to meet market expectations, including revenue projections and details around the Vera Rubin chip architecture. Competition from alternative chipmakers and scrutiny of hyperscaler cash flows are also shaping investor sentiment.

Despite recent setbacks, analysts remain cautiously bullish on Nvidia, highlighting long-term AI potential and the company’s dominant position in the chip market.

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Tech

Meta launches lawsuits over alleged scam advertising operations

Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.

Published

4 days ago

February 27, 2026

Harvey Vargas

Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.

Social media giant Meta has launched aggressive legal action targeting alleged scam operations using its platforms. The company has filed lawsuits against four advertising networks based in Brazil, China and Vietnam.

Meta has also issued cease and desist letters to eight marketing consultants accused of helping clients bypass the platform’s enforcement systems. The move signals a tougher stance on organised scam activity operating at scale.

While no criminal charges have been laid, Meta says it is doubling down on efforts to protect users and restore trust across its platforms as scam activity continues to rise globally.

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