Not really, no… “times” is not a verb. You can multiply 2 by 2, and you can express that as “2 times 2”, but it is not correct to “times 2 by 2”.
Not sure what you think the relevance of a Spanish-English translation of the word “multiplying” has here… but nonetheless, you can see the correct usage of the word “multiply” versus the word “times” in my explanation above. For further clarification I would suggest a real dictionary, like Oxford, Meriam-Webster, etc.
I’m sure plenty of people will continue to make the mistake and it will become an accepted variant, though I wouldn’t consider it to be the correct usage of the word. Similar to the word “irregardless”, it’s a word, it’s used incorrectly in place of “regardless” very often, and therefore is an accepted variant. It’s just not the correct word to use. This is why I offered you my initial correction.
Thanks for calling me a nazi though, during otherwise polite conversation… have a good one.
I called you a grammar nazi because it's a perfect description of your behaviour in this conversation, right down to a need to be the only one who's right and being unable to tolerate colloquialisms.