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Twitter Shareholder Sues Elon Musk for Share Price ‘Manipulation’

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Crypto spam increases 4000% in two years: LunarCrush

Spam and bots have been the bane of anyone that uses the internet for years, but recently this digital scourge has ramped up activity in the crypto sector in a big way. Crypto intelligence provider LunarCrush has revealed spam in the cryptosphere has increased by an astonishing 3,894%. The firm has been collecting crypto-specific social data since 2019, and says not only is spam at an all-time high, it’s also “the fastest growing metric on social media.” The findings were published in a May 25 report, stating that “more spam accounts than you would think are actually people.” For this reason, it is often a challenge for software to detect and flag spam. Spam Volume collected by LunarCrush over the previous 2 years Twitter is the social media platform of choice for the crypto industry...

Twitter Plans On Enforcing Merger After Elon Musk Threatened To Flake On The Acquisition

HipHopWired Featured Video Source: Matt Cardy / Getty Friday (May 13), Elon Musk threatened to back out of the $44 billion acquisition of Twitter “until CEO Parag Agrawal publicly proves that less than 5% of users are bots or spam accounts.” The social media platform and one Bloomberg financial opinion writer call C A P. Tuesday (May.17), Twitter’s board made it abundantly clear to Elon Musk that it intends to go through with the deal and plans to “close the transaction and enforce the merger agreement,” the New York Times reports. Related Stories “The board and Mr. Musk agreed to a transaction at $54.20 per share,” Twitter’s board expressed in a statement shared by The New York Times. “We believe this agreement is in the best interest of all shareholders. We intend to close the transactio...

Poor Elon Musk aka Phony Stark Looks To Drop Twitter Bid, Critics Call Cap

HipHopWired Featured Video Source: Anadolu Agency / Getty Billionaire investor and entrepreneur Elon Musk is apparently seeking to drop his highly publicized bid to take over Twitter, but critics are poking holes in his reasoning for doing so. According to reports, Musk has stated that he cannot move forward with his $44 billion offer to purchase the wildly influential social media platform Twitter “unless the social media giant can prove bots make up fewer than 5% of its users,” which he has claimed was one of the reasons he sought to purchase the platform in the first place. In a response to a filing from Twitter Inc. with the SEC that spambots represent less than 5% of Twitter users, Musk clarified his position on Twitter, writing: “My offer was based on Twitter’s SEC filings being accu...

Why decentralized messaging apps will replace today’s social media platforms

The Russian government has cracked down on foreign social media platforms such as Instagram, Facebook and Twitter, banning them for extremist activists. For protestors, activists and local civilians, these actions have resulted in a significant barrier to communication with the outside world. Furthermore, they have also raised the question of just how easy of a target these apps are for state authorities. With citizens unable to access these platforms, they have little choice but to flee to the next-best still active platforms. However, it isn’t just Russian activists who have taken to alternatives. Consider, for example, Telegram, a cloud-based instant messaging service that has quickly become a place for sharing war footage and other content that may have otherwise been blocked on ...

Pump Fake: Elon Musk Puts Twitter Acquisition On Temporary Hold, Snoop Dogg Wants In

HipHopWired Featured Video Source: SOPA Images / Getty Elon Musk made waves in the tech world with the chatter surrounding his apparent takeover of the sprawling Twitter universe. Now, the billionaire businessman is putting the acquisition of the company on hold via a cryptic tweet that leaves room for various interpretations but a certain legendary rapper may prove to be a foil. On Friday (May 13), Musk wrote, “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users” in a quote tweet featuring a story from Reuters regarding spam and fake accounts. Later in the thread of tweets, Musk added, “still committed to acquisition.” Related Stories As part of his pledge to get rid of the bots on Twitter, Musk then wro...

Kid Cudi Hints At Releasing New Music On Twitter

HipHopWired Featured Video Source: Ray Tamarra / Getty Kid Cudi has been highly active lately on various fronts, but it has been a minute since he’s released his own music. One moment on his social media account, however, suggests that could soon change. The “Day And Night” rapper stoked the interest of his fans on Twitter on Wednesday (May 11th) as he dropped a video clip. The eleven-second clip is from 2019, and it shows Cudi nodding his head along to a track. The caption to the tweet asks the question: “Should I drop this?” The snippet of music is one of a bunch that Cudi has on his social media profiles, but this new tweet could be the artist testing the waters. The immediate response from those viewing the tweet was all in favor of him releasing the full track. Kid Cudi hasn’t been la...

Three Kenyan Firms Listed Among 100 Top Tech Pioneers

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Doge gets more love on Twitter and Ethereum gets more hate: Data analysis

Ethereum has taken out the top spot on Twitter as the most hated of five cryptocurrencies studied, while the meme-token Dogecoin is the most liked. The findings emerged from a new report by TRG Datacenters that analyzed a year’s worth of tweets between Jan. 2021 to Jan. 2022, concerning five of the most popular cryptocurrencies to figure out which digital assets were the most emotionally stirring on Twitter. According to the analysis — which looked at Bitcoin (BTC), Cardano (ADA), Dogecoin (DOGE), Ethereum (ETH) and Litecoin (LTC) — Ethereum was firmly the most negatively associated with 29% of all tweets containing a negative sentiment. (The decision not to include Ripple, which has ardent fans but also very passionate critics, probably makes the study less comprehensive than it sho...

Elon Musk Calls Donald Trump’s Twitter Ban A “Mistake” & Wants To Reverse It, Jack Dorsey Agrees

HipHopWired Featured Video Source: Dimitrios Kambouris / Getty Twitter’s future owner Elon Musk (we hope not), finally said the quiet part out loud regarding the return of the twice impeached President Donald Trump to the platform. The moment bootleg Tony Stark aka Elon Musk, decided to make his move to purchase Twitter, MAGA land immediately dubbed him the savior of their lord and savior, Donald Trump’s banned Twitter account. Speaking at the Financial Times’ Future of the Car conference, Musk finally gave Trump’s loyal fans the red meat they have been waiting to consume. Related Stories Musk feels Twitter should be “reluctant to delete things” while being “very cautious with permanent bans.” He also added that Twitter’s decision to ban Trump in January 2021 following the saltine-fueled i...

Elon Musk Says He Will Reverse Trump’s Ban on Twitter

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Elon Musk Says Donald Trump Will Be Allowed Back on Twitter

Elon Musk says Donald Trump will be welcomed back to Twitter once he takes ownership of the social media platform later this year. Speaking at a Financial Times conference on Tuesday, Musk described Twitter’s decision to permanently ban Trump as “morally bad” and “foolish in the extreme.” “I do think it was not correct to ban Donald Trump. I think that was a mistake,” Musk said. “It alienated a large part of the country, and did not ultimately result in Donald Trump not having a voice.” Advertisement Related Video Instead, Musk argued, by banning Trump, Twitter risked creating a “frankly worse” forum, where disagreeing voices never have an opportunity to engage. In fact, Musk said he will likely lift all permanent bans on Twitter, and instead issue temporary suspensions or hide individual ...