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Elon Musk suspends purchase of Twitter

London.- Elon Musk said on Friday that it plans to buy Twitter for $44 billion. “Temporarily On Hold” When trying…

By admin , in news , at May 13, 2022 Tags: ,

London.- Elon Musk said on Friday that it plans to buy Twitter for $44 billion. “Temporarily On Hold” When trying to determine the exact amount of Spam and Fake Accounts Another turning point amid signs of internal turmoil on the social media platform. About the proposed acquisition

musk, who have openly expressed their desire to solve this problem Twitter With “spam bots” imitating real people, he began to question whether the company was not reporting them.

In one tweet, from billionaire Tesla May 2 was linked to a Reuters quarterly report about the story Twitter Which estimated that fake or spam accounts represented less than 5% of the company’s “monetable daily active users” in the first quarter.

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“Settlement Twitter It is on tentatively pending details to support the estimate that spam/fake accounts represent less than 5% of users,” Musk said, indicating that he suspects the number of rogue accounts is so small.

Twitter did not immediately respond to requests for comment early Friday.

actions of both Twitter And Tesla shares rose sharply in opposite directions: Twitter shares fell 14% and Tesla shares, which Musk proposed to help fund the Twitter deal, rose 7%.

Investors have had to weigh legal problems muskas well as the possibility that the acquisition of Twitter Management of the world’s most valuable automaker can be distracting. The proposed deal continued to put pressure on Tesla shares, which had already fallen 16% this week.

sharp rise in price Tesla Stock Friday’s opening bell indicated growing skepticism that the acquisition of Twitter,

Musk has already sold more than $8 billion in shares Tesla To finance the purchase.

Originally, musk had agreed to borrow $12.5 billion in Tesla stock as collateral to buy Twitter, It will borrow $13 billion from banks and invest $21 billion in Tesla stock.

in the last week, musk strengthened its stake in its proposal for Twitter With more than $7 billion in commitments from a diverse group of investors, including Silicon Valley bigwigs like Oracle co-founder Larry Ellison.

The value of the penny shares of new investors reduces the amount borrowed Tesla Up to $6.25 billion, according to the filing. Tesla’s shareholding could increase from $21 billion to $27.25 billion.

Wedbush analyst Dan Ives, who follows both Tesla and Twittersaid that Musk’s “weird” tweet would lead Wall Street to think that the deal was likely to collapse, that Musk was trying to negotiate a lower price, or simply walking away from the deal. Face a billion dollar fine.

“Many will see it as musk Use these Twitter archive/spam accounts as a way out of this deal in a very rapidly changing market,” Ives wrote.

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He said that using Twitter By musk It was a rather worrisome financial presentation to announce and “sends this whole deal into a circus sideshow with lots of questions and no concrete answers about the way forward”.

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Elon Musk suspends purchase of Twitter

2022-05-13 12:48:21