Musk, whose offer to buy Twitter for $44 billion was accepted by the company’s board in April, said the takeover deal was “temporarily on hold” amid concerns over the number of fake and spam accounts on the site.

Around two hours from his first tweet, Musk added he was “still committed to acquisition.”

Knocking down the wall of Web2 is going to take a Herculean effort. Everybody is aware of the problems when it comes to Web2, like the creepiness of data trackers such as cookies and the inordinate amount of knowledge that they provide about us. Despite these hesitations, consumers still like the convenience of the products. All that runs on advertising, and those advertising dollars are driven by sophisticated algorithms that track user activity on the site and elsewhere to feed ads to the user at the precise time that they are ready to buy.

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Elon Musk Says Twitter Deal ‘On Hold’
https://www.forbes.com/sites/r....oberthart/2022/05/13

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