Elon Musk says his plan to buy Twitter is “temporarily on hold” as he tries to pinpoint the exact number of spam and fake accounts on the social media platform, another twist amid signs of turmoil over the proposed $44 billion acquisition
The issue of fake accounts on Twitter is not secret.
Stock in both Twitter and Tesla swung sharply in opposite directions Friday, with Twitter’s stock falling nearly 6% and shares of Tesla, which Musk had proposed using to help fund the Twitter deal, jumping nearly 7% in trading before the opening bell.for Musk, as well as the possibility that acquiring Twitter could be a distraction from running the world's most valuable automaker. The proposed deal continued to pressure shares of Tesla, which had already fallen 16% this week.
Money from the new investors cuts the amount borrowed on the value of Tesla stock to $6.25 billion, according to the filing. The Tesla equity share could go from $21 billion to $27.25 billion.
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Elon Musk says Twitter deal 'temporarily on hold'LONDON (AP) — Elon Musk said Friday that his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts on the social media platform. The announcement that the Tesla billionaire tweeted is another twist amid signs of internal turmoil over his planned buyout of Twitter, including that the social media company fired two of its top managers Thursday.
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Elon Musk says Twitter deal 'temporarily on hold'BREAKING: Elon Musk said that his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts on the social media platform.
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Elon Musk says Twitter deal 'temporarily on hold'Elon Musk said that his planned $44 billion purchase of Twitter is 'temporarily on hold' pending details on spam and fake accounts on the social media platform.
Lire la suite »
Elon Musk says Twitter deal ‘temporarily on hold’Elon Musk says his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts on the social media platform
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