If you’ve been following the soap opera about Elon Musk’s Twitter takeover, you may know that the deal has stalled. Indeed, the billionaire has decided to suspend the procedure until further notice. Tesla’s CEO wanted to know the exact amount of fake accounts on the social network.
According to the Twitter teams, these bots represent about 5% of all active accounts on Twitter. But a few days ago, a study claiming that 20% of Twitter accounts were actually fake supported Elon Musk’s concerns.
Since then, the takeover has been put on hold, and Twitter is actively seeking solutions to force Elon Musk to complete the operation. Parallel, leaders want to reassure the social network’s shareholders at all costs, Those who are starting to lose their patience in the face of this dead-end situation.
Twitter takeover hits dead end, shareholders can’t wait
And exactly, this was held on Thursday, May 25, 2022. Twitter’s annual shareholder meeting. And if attendees are hoping to hear any news about the acquisition of Elon Musk, On the contrary, the leaders of the company did not say much about this hot topic.
““We are working on the process,” he said. CEO Parag Agrawal said only during the meeting. He added: “Even as we work to close this transaction, our teams and I remain focused on the important work we do every day to serve the public conversation.”
Prior to this meeting, Twitter’s board had warned that any questions about the takeover of Elon Musk would not answer to shareholders’ dismay. Regardless, the latter has pushed to obtain some details about the future of its shares, especially if the company is acquired and privatized. ““We are not in a position to answer these questions today,” he said. He reassured Sean Edgett, head of Twitter’s legal department.
In fact, and at the time of writing these lines, Twitter shareholders are no further ahead on the future of the social network. Note that this meeting is also flagged End of co-founder Jack Dorsey’s term on Twitter’s board. He had already stepped down as Twitter CEO in November 2021.
Source : Engadget
