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Russia says it gained full control of Severodonetsk in eastern Ukraine

Moscow (The Times Groupe)- The Russian Defense Ministry announced Saturday that a few cities and settlements in the Luhansk region of eastern Ukraine had been taken over by Russian forces.

The central banks worldwide struggle to tame high inflation

New York (The Times Groupe)- In the midst of the ongoing Russia-Ukraine war, an increase in energy and food prices, and other issues, central banks are looking for ways to escape the high inflation swamp.

Turkey re-considers death penalty

Istanbul (The Times Groupe)- Following President Tayyip Erdogan's mention of the death penalty in connection with this week's wildfires, Turkey will reconsider a 2004 decision to abolish capital punishment.

Musk says Twitter deal cannot move forward until he has clarity on fake account

TechMusk says Twitter deal cannot move forward until he has clarity on fake account

New York (The Times Groupe)- Elon Musk says he will not purchase Twitter for $44 billion until he knows how many accounts are fake or spam.

In a filing earlier this month, Twitter estimated that fewer than 5% of its monetizable daily active users, or mDAUs, were fake or spam accounts.

Elon Musk estimates that 20% of Twitter accounts are fake or spam accounts, and he is concerned that the number could even be higher.

Musk tweeted early Tuesday that his offer was based on Twitter’s SEC filings being accurate. “Twitter’s CEO publicly refused to show proof of the 5% yesterday. Until he does, this deal cannot move forward.”

Musk claims that many of the spam accounts are “bots,” however Twitter does not mention the word once in its SEC filing. Fake or spam accounts, also referred to as bot accounts, are automated and not controlled by humans. Twitter doesn’t ban all automated Twitter bots, which are programmed to tweet set things at set times, but they can be good or bad.

Twitter announced later Tuesday morning that it is committed to the deal at the pre-agreed price and has filed a proxy filing with the SEC.

In premarket trading Tuesday, shares of the company fell 2.46%. Twitter did not immediately respond to a request for comment from CNBC.

Musk’s tweet comes just hours after Twitter CEO Parag Agrawal posted a lengthy thread about spam on the social network.

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