Almost as quickly as it came together, Elon Musk’s bid to acquire Twitter Inc. (NYSE: TWTR) has begun to unwind.

Shares of Twitter continue to sink today after Musk announced the hold up. Musk tweeted this past Friday: "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users." 

Also in his tweet, Musk included a link to a Reuters report from May 2nd about Twitter's recent disclosure regarding spam and fake account problems.

In its most recent quarterly report from April 28th, Twitter estimated that fake/spam accounts accounted for less than 5% of the service's active user base. Twitter continued to state that the estimates came from a review of sample accounts and that the estimated number of fake accounts was "reasonable."

Spam accounts have been a problem for the platform in the past, one that Twitter highlighted as a key issue that needed fixing in order for growth to occur.

Read below for more on that and everything I have my eye on this week…

1. Elon Musk’s Twitter Acquisition on Hold 

The ever-entertaining Tesla CEO Elon Musk has officially put his bid to acquire the social media company Twitter on hold. 

This comes as Musk takes issue with Twitter’s fake/spam account percentage, a problem that the platform has dealt with in the past.

Shares of Twitter continue to slide today following the announcement on Friday. 

However, Musk says he is still committed to the acquisition. 

2. SpaceX Soon to Shatter Launch Records

While we’re on the topic of Elon Musk, it’s hard not to talk about SpaceX’s prolific launch schedule. 

So far in 2022, SpaceX has been on quite the tear. In the first 130 days of this year, SpaceX has carried out 18 rocket launches and two astronaut splashdowns. 

That’s an unprecedented pace for the company and the commercial launch industry as a whole.

If SpaceX keeps up the pace it’ll shatter its previous US launch record of 31. 

3. Airbnb Prepares for Summer Travel

Last Wednesday, the housing rental company Airbnb announced that it will provide new ways to search for and book homes on the platform. 

This comes as a response to the rise of remote work, several customers are now opting for longer stays as the digital nomad lifestyle attracts more and more employees.

When working remotely, you can stay almost anywhere and Airbnb is looking to provide customers with more access to longer-term stays. 

"The way people travel has changed forever," Airbnb's co-founder and CEO Brian Chesky, said in a recent statement. 

4. Connecting to Plants 

Plants are quite expressive, they react to their environment and wilt when they’re underwatered or aren’t being provided the necessary amount of sun. 

But tech companies are trying to more precisely understand what plants are going through with a series of sensors, software, and science. 

While this may come off as a frivolous experiment, it can bring some serious business benefits.

These companies can sell their integrated systems to farmers who aim to get the most out of their crops.

5. Extended Electric Vehicle Wait Times 

Are you looking to get an electric vehicle? Well, you might want to get ready to wait for quite some time… 

EV availability has been constrained since the second half of 2021, due in part to supply-chain issues that are affecting all cars. 

On top of those headaches, EV manufacturers are dealing with significant challenges that come with the relatively new battery supply chain as well. 

It’s unclear when we’ll see some solid solutions to these issues. 

To a bright future,

Ray Blanco
Chief Technology Expert, Technology Profits Daily
AskRay@StPaulResearch.com