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
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.
Elon Musk’s secretly welcomed twins last year
Elon Musk secretly welcomed twins just weeks before his second child with Grimes was born last year
The world’s wealthiest man, Elon Musk is believe to have fathered 10 children after a top executive from one of his companies gave birth to twins last year.
The mother of the children is Shivon Zilis, a senior member of Musks’ artificial intelligence company, Neuralink.
Zilis is considered a rising star in the world of AI, after being listed on Forbes’ 30 Under 30 in 2015, and LinkedIn’s 35 under 35.
According to her LinkedIn, she is currently the Director of Operations and Special Projects at Musk’s neurotechnology firm, Neuralink.
Court documents show the pair filed a petition to change their twins’ last names to Musk, and contain their mothers last name as part of their middle name.
The petition was filed in Austin, Texas which is also the birthplace of Zilis and Musk’s children where they were reportedly born in November 2021.
The two children will add to the six children Musk has with ex-wife, Justine Musk, and two children with Canadian singer Grimes.
The twins will also join Justine and Musk’s 18-year-old daughter, Vivian Jenna Wilson who has recently strived to cut ties with her father.
Apple’s ‘Lockdown Mode’ to target hackers
Apple is set to release a new ‘Lockdown Mode’ feature, which will add protections for people targeted by hackers
Apple is seeking to stamp out iPhone hacking by giving vulnerable targets the chance to ‘lock out’ suspicious links or activity.
The feature is a major win for human rights advocates, political activists and other prominent figures.
It will work in conjunction with the ‘Messages’ app by stamping out any unknown links.
The company says it “is an extreme, optional protection for the very small number of users who face grave, targeted threats to their digital security”.
It comes after two Israeli two firms were able to break into iPhones without the target clicking on any links.
The attacks were reportedly carried out by the NSO Group, which is behind the controversial Pegasus Spyware.
The group has been placed on a U.S. blacklist.
The ‘Lockdown’ feature will come to Apple’s iPhones, iPads and Macs in the coming months.
Emirates A380 “flew 14 hours” with massive hole
At first passengers believed the plane suffered difficulties upon landing in Brisbane, but now it seems the Emirates A380 flew 14 hours with the massive hole
Passengers disembarked the airline after noticing the sound of an explosion mid-flight.
They had alerted crew during the flight, who were in contact with the flight crew.
One of the passengers on board has since taken to Twitter to describe the “terrifying” incident, which took place “during cruise.”
“Was absolutely terrifying at first and the cabin crew knew something serious may have happened – were immediately in contact with the cockpit,” wrote Andrew Morris, an English professor at the UK’s Loughborough University.
“Shortly after, they resumed as normal. Their calm demeanor was reassuring — they knew it was not catastrophic.”
But no one knew exactly how long the plane was airborne with the massive hole in the side.
The captain telegraphed ahead to Brisbane airport, and emergency services met the aircraft, which landed safely.
As passengers disembarked, they were shocked to see the size of the hole, which had been punctured by the landing gear.
Emirates later released a statement stressing that the rupture did not impact “the fuselage, frame or structure of the aircraft.”
“Our flight EK430 flying from Dubai to Brisbane on July 1 experienced a technical fault,” reads the statement.
“One of the aircraft’s 22 tires ruptured during cruise, causing damage to a small portion of the aerodynamic fairing, which is an outer panel or the skin of the aircraft.”
“The fairing has been completely replaced, checked and cleared by engineers, Airbus and all relevant authorities,” adds Emirates.
“The safety of our passengers and crew has always been our top priority.”
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