Saturday, May 28, 2022

Snoop Dogg says he may have to buy Twitter while Elon Musk’s bid is on hold

Rapper Snoop Dogg said he could swoop in to buy Twitter now as Elon Musk’s $44 billion bid to buy the social media company is stalled.

Musk announced Friday that the deal has been “temporarily paused” over the number of fake accounts on the site, prompting the “Drop It Like It’s Hot” singer to make some news of his own.

“Can Buy Twitter 2 Now,” Snoop tweeted,

As Twitter’s boss, the rapper laid out a set of new rules for the company, including replacing the board of directors, giving everyone a verified account, and free internet on the plane.

“Fish Fry from my corner will replace the board of directors with Tommy Chung and Jimmy with Ponytail on CNBC,” he wrote. “Everyone gets a blue checkmark. Even bots with 10 letters in their name that hit you DM and just say “hello.” No fk those bots. ,

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He later tweeted: “First line of business. Free internet on airplanes!!! is $29 bull-t for 1 hour.”

Twitter stock went on a rollercoaster ride on Friday, falling nearly 10 percent after Musk relayed the stalled status of the deal.

“The Twitter deal temporarily pending details supports the calculation that spam/fake accounts actually represent less than 5% of users,” Tesla CEO said. said in a tweet early Friday 5:44 am

The social media giant’s stock then fell more than 25% to $33.79 in pre-market trading — well below Musk’s marijuana-themed buy price of $54.20, indicating that investors were betting the deal wouldn’t work. .

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At 7:50 a.m., Musk tweeted again that he was “still committed to the acquisition.”

Twitter shares erased some of their losses shortly before the market closed on Friday and were trading around $40. This is still around 11% lower than where they closed the day before.

Should the Twitter deal happen, Musk has indicated a willingness to crack down on bots.
Dimitrios Kamboris/Getty Images for The Met Museum/Vogue

Should the Twitter deal go through, Musk has said that cracking down on spam accounts and bots will be a top priority.

The billionaire has also vowed to buy out Twitter shareholders and take the company private. He also intended to revise the company’s content moderation policies that resulted in the banning of controversial figures, many of them on the political right.

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Nation World News Desk
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