BREAKING: Elon Musk's Twitter Deal In TROUBLE....
May 13, 2022
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14:43Now PlayingBREAKING: Elon Musk's Twitter Deal In TROUBLE....
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as posted by the channelBREAKING: Elon Musk's Twitter Deal In TROUBLE....
Elon Musk says Twitter deal ‘temporarily on hold’
Elon Musk sent Twitter’s stock on a rollercoaster ride early Friday as he claimed that his $44 billion deal to take over the site was “temporarily on hold” — then insisted hours later that he was “still committed” to the buyout.
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” the Tesla CEO said in an early Friday tweet at 5:44 a.m.
Twitter’s stock then dipped more than 25% to as low as $33.79 in pre-market trading — far below Musk’s marijuana-themed purchase price of $54.20, indicating investors were betting the deal wouldn’t go through.
Then at 7:50 a.m., Musk posted a follow-up tweet saying that he was “Still committed to acquisition.”
#ElonMusk #Musk #Twitter #MuskTwitter #Tesla
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