Elon Musk suspends Twitter purchase for now
- May 13, 2022
- 0
Elon Musk announced this Friday that Twitter is temporarily suspending its acquisition, pending details on the proportion of fake accounts on the social network. “The deal on Twitter
Elon Musk announced this Friday that Twitter is temporarily suspending its acquisition, pending details on the proportion of fake accounts on the social network.
“The deal on Twitter has been temporarily suspended pending details that support its calculation that false accounts represent less than 5% of users,” the world’s richest person and the person in charge of Tesla said in full on Twitter.
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Following that message, the group’s stock fell 20% in electronic trading before the opening of the Wall Street stock market, and fell just over $36 at noon on Friday, well below the billionaire’s recommended $54.2 per share.
AFP contacted Twitter, but did not immediately comment.
Musk eliminated fake accounts and user transparency at the heart of his $44 billion bid to Twitter buy last month.
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Source: El Nacional
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