Elon Musk says his deal to buy Twitter for $44 billion is ‘on hold’ – for now, at least.
On Friday, Musk tweeted that he wanted “more details” on a report that fake accounts or bots make up less than 5% of active Twitter users.
Musk has previously said that getting rid of bots and spam would be a top priority once he takes over. Musk’s announcement sent Twitter’s stock price tumbling 20% early Friday morning.
Since the deal’s announcement, Tesla’s stock has plunged by more than 25%. Investors worry that Musk could offload even more of his holdings in the company.
He later tweeted he’s “still committed” to the deal.
Is it possible that Musk has ‘buyer’s remorse’ and is looking for a way to back out of the deal? Or do you think Twitter’s bot problem is worse than the report indicates?
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