• Log in

Here's how prices of Halloween candy at Bulk Barn compare to Costco, Walmart and Loblaws

  • English
  • French

Trending Tags

  • News
  • Travel
  • Eat & Drink
  • Sports
  • Things To Do
  • Real Estate
  • People
  • Money
  • Narcity TV
  • Deals
  • Podcasts

Popular Cities

  • Toronto
  • Ottawa
  • Calgary
  • Vancouver
  • Montréal (fr)
  • Québec (fr)
  • Halifax
  • Edmonton
  • Montreal (en)
  • Laval (fr)
  • St. John's
  • Whitehorse
  • Winnipeg
  • Atlanta
  • Austin
  • Houston
  • Las Vegas
  • Los Angeles

Get Narcity on the Go

Download on the App StoreGet it on Google Play
  • About
  • Editorial standards
  • Advertise
  • POLITICAL ADS REGISTRY
  • careers
  • Privacy Policy
  • Contact Us
  • Terms & Cond.
  • Submit a news tip
Sign in

Welcome back!
Choose your sign-in method.

Don't have an account?

By continuing, you agree to our Terms & Conditions

Create account

Already have an account?

By continuing, you agree to our Terms & Conditions

Create an Account
Minimum of 8 characters and one number or symbol.

Looks like your email is already registered. Reset your password

By continuing, you agree to our Terms & Conditions

Looks like your e-mail is already registred!

Please check your e-mail to reset your password.

Sign in with Email

Forgot your password?

Reset Password
Please enter email address to receive instructions to reset password
This website uses cookies

We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. Learn More

close
Yes, I Accept
elon musk
EN - People

Elon Musk Says His Twitter Deal Is 'Temporarily On Hold' & He's Blaming Bots For The Delay

It's not a done deal yet đŸ€–

Hutchinsphoto | Dreamstime, Rafael Henrique | Dreamstime
Sameen Chaudhry
May 13, 2022, 10:07 AM

It looks like being the world's richest man hasn't prevented Elon Musk from encountering hiccups in his effort to buy Twitter.

Musk announced on Twitter early Friday that his plan to buy the social media platform for $44 billion is "temporarily on hold."

He says the holdup involves a calculation about the number of "spam/fake accounts" on the platform. He also shared shared a Reuters article about Twitter's estimate that spam and fake accounts comprise less than 5% of the platform's users.

Basically, he wants some assurances that those numbers are accurate.

1652435078

He followed it with a reassurance that he is "still committed to acquisition."

Since posting the tweet, Twitter's stock took a 25% tumble, reported Bloomberg.

A report released by Twitter a few weeks ago said they "applied significant judgment, so [their] estimation of false or spam accounts may not accurately represent the actual number of such accounts, and the actual number of false or spam accounts could be higher than [they] have estimated."

Musk has been adamant about wiping out all spam accounts from the platform when he acquires it, and he's now waiting on Twitter to come back with the exact percentage.

He's also promised to unban the accounts of some prominent figures, including former U.S. President Donald Trump.

There has been speculation for weeks now that the deal might not go through, either because Musk might struggle to put the cash together or because he might simply change his mind or break the rules of the deal.

Analysts speculate that Musk might be trying to renegotiate the price or even trying to end the deal altogether, reported the BBC.

"There will also be questions raised over whether fake accounts are the real reason behind this delaying tactic," Susannah Streeter, a senior investment and markets analyst at Hargreaves Lansdown, told Bloomberg.

"Given that promoting free speech rather than focusing on wealth creation appeared to be his primary motivation for the takeover. The $44 billion price tag is huge, and it may be a strategy to row back on the amount he is prepared to pay to acquire the platform," added Streeter.

According to the terms of Musk's deal with Twitter, if either of them walks away it'll cost them a $1 billion termination fee.

From Your Site Articles
  • Elon Musk Wants To Buy Twitter For A Huge Sum & He Wasn't Kind ... ›
  • Elon Musk Is Buying Twitter & Users Are Already Freaking Out About ... ›
  • Elon Musk Is Buying Twitter & Here's How To Delete Your Account If ... ›
  • Elon Musk Is Feuding With A Teenager Over $50K & A Twitter Bot ... ›
  • The Teen Who Tracked Elon Musk's Jet Is Now Targeting Putin ... ›
Discover Narcity
Get the latest and greatest stories every day in your inbox.

Manitoba NDP rolls back on child-specific autism plan, will now focus on adults, too

Manitoba NDP rolls back on autism approach
THE CANADIAN PRESS/John Woods

The Manitoba government is no longer pursuing a child-specific autism strategy and will instead have one that focuses not only on children, but also on adults.

Families Minister Nahanni Fontaine says the government has heard the concerns from the public and is acting on them.

Keep reading Show less

'Comfort kills dreams': Family says soldier killed in base fire was living his dream

Family says soldier killed in fire lived his dream
THE CANADIAN PRESS/Handout — Canadian Armed Forces (Mandatory credit)

The mother of one of the four Canadian soldiers killed in a fire at a military base in Alberta says his lifelong goal was to join the Forces and wear his uniform with pride.

Patricia Farrell says her 23-year-old son Pte. Shaun Farrell overcame any obstacle that was put in his way.

Keep reading Show less

Caledon’s next mayor inherits a town divided over how far growth should go

Annette Groves retired after backlash over rezoning plans that opened the door to 35,000 homes.

On a chilly Monday at the beginning of October, Caledon resident Al Axworthy carefully drove past a line of trucks to one of the 12 parcels of land former mayor Annette Groves prematurely rezoned using her strong mayor powers, opening the door to 35,000 new homes — three times the provincial target — with little public consultation. 

As he passed the intersection of Queen and King streets in Bolton, Axworthy recalled standing there with Groves in 2022, protesting Highway 413.

Keep reading Show less

Trending right now on Narcity

Thunder Bay's next mayor will have to grapple with homelessness, housing crisis

Here's what's open and closed in Toronto on Family Day 2025

Ontario Gas Prices Are Set To Rise Tomorrow & The Pump Apocalypse Is Real

19 Halifax Cafés You Must Visit If You Really Love Coffee

Calgary fire officials share home safety tips during school drills