The proposed $44 billion sale of Twitter to billionaire and
Tesla CEO Elon Musk has been approved by Twitter's board of directors.
According to ABC News, this was revealed in a regulatory
filing on Tuesday.
According to AFP, Musk said "quite big" issues about the amount of fraudulent users on the social media platform hampered Tuesday that his $44 billion takeover bid for Twitter
.
When asked about the agreement during the Qatar Economic
Forum, Musk declined to comment, claiming it was a "sensitive" topic.
"A few issues remain unresolved," Musk remarked
via video link.
This includes whether "the amount of bogus and spam
users on the system is fewer than 5% as they claim," which I believe is
not the case for most people who use Twitter.
"So we are still awaiting resolution on that topic,
which is a very major matter," said Elon Musk, CEO of Tesla and SpaceX.
There are also concerns about Twitter's debt and whether
shareholders would approve the deal, according to Musk.
"I believe these
are the three issues that must be overcome" in order for the transaction
to go through.
Musk stated that his
goal was to have 80 percent of North Americans and half of the world's
population using Twitter.
"That means it
has to be appealing to people; obviously, it can't be a location where they
feel uncomfortable or harassed, otherwise they won't utilize it."
"I believe there
is a significant distinction between freedom of speech and freedom of
access," Musk continued.
"You are, more or
less, permitted to yell whatever you want in a public setting. However,
everything you say, no matter how divisive, does not need to be aired to the
entire country.
"So, in general,
I believe Twitter's approach should be to allow people to say whatever they
want within the bounds of the law, but to limit who sees it depending on
individual Twitter user preferences."
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