The benefit of deleting the inactive account will be to those people who want a particular username but are not able to take it because that username has been taken by someone else. Now, if the user is not using that account and has not tweeted since the beginning, then in that situation the account will be deleted. By doing this, Twitter’s user accounts will indeed reduce, but Musk has not paid attention to it. 

According to reports, India has 23 million active users on Twitter, the US has 76 million active users, Japan- has 58 million, Indonesia-18 million, and Brazil has 19 million users.

Announcing the closure of 150 million inactive accounts on his Twitter account, Elon Musk wrote – ‘Twitter will soon start freeing up the namespace of 1.5 billion accounts.’

Discussions over the deal, which last week appeared uncertain, accelerated over the weekend after Musk wooed Twitter shareholders with financing details of his offer.

With the finalization of the deal, Twitter has now become a private company from a public company since its 2013 initial public offering.

Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.

Parag Agrawal, Twitter’s CEO, said, “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important.”

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement, adding, “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”, tweets Elon Musk.

Twitter Inc. devised a ‘poison pill’ strategy on Friday to block billionaire entrepreneur Elon Musk’s $43 billion cash acquisition attempt.

The rights will become exercisable under the ‘poison pill’ method if someone acquires 15% or more of Twitter’s outstanding common shares in a transaction not approved by the Board. To shield itself against billionaire entrepreneur Elon Musk’s $43 billion cash acquisition offer, the microblogging tech company devised a limited-duration shareholder rights plan. According to Twitter, the rights plan will expire on April 14, 2023.

Musk made the offer in a letter to Twitter’s board of directors on April 13, and his $54.20 per share offer price was revealed in a regulatory filing. It’s a 38 percent premium over Twitter’s April 1 closing price. The last trading day before Musk’s over 9% ownership in the company made public was April 1.

Tesla’s head Elon Musk offers to buy Twitter

On Thursday, the Tesla Inc. chief executive officer Elon Musk offered to buy Twitter at $54.20 a share in cash, valuing the social media company at $43 billion.