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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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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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