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Head of Twitter hits back at billionaire Elon Musk

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The head of Twitter has defended the platform after Musk’s fake accounts stint over the weekend

Chief executive Parag Agrawal says he has “confidence” in the firm’s claims that less than 5 per cent of users are spam.

According to the head honcho, twitter suspends around 500,000 accounts daily.

In fact, Agrawal claimed twitter shared an overview of how it determines which accounts are real or spam with Musk himself.

The chief says margins of error are well within its estimate of spam accounts representing less than 5 per cent of daily users.

This all comes as Musk says he had put the deal on hold pending information that spam accounts actually do make up less than 5 per cent of users

Analysts have speculated that Musk may be looking for ways to renegotiate the price of the deal or walk away.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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