So Elon Musk tweeted early Friday morning that he is ‘putting his bid to acquire Twitter on hold’, weeks after agreeing to take the company private in a $44 BILLION deal.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted. 
So you know, Twitter guesstimates that fake or spam accounts made up fewer than 5% of the platform’s active users.
Two hours after all hell broke loose his first tweet, Musk posted that he is “still committed to acquisition.”
The stock tumbled 20% on the news.
Musk turned “this Twitter circus show into a Friday the 13th horror show,” wrote tech analyst Dan Ives of Wedbush Securities in a note to clients early Friday.
Remember, Musk would owe Twitter a $1 billion breakup fee if he were to cancel the deal, but that’s pocket change to the Tesla CEO.

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Evan Hosie has worked as a Women's Lifestyle editor/writer (expert in the beauty and fashion vertical); created the Pop Culture section for Radaronline.com; never met a gadget she didn't want, and spends waaaaay too much time on Social Media.

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