Elon Musk, who is in the process of buying Twitter, announced on Friday that the deal was “temporarily suspended.” Hours later, he said he was “still busy” with buying $ 44 billion.
“The deal was suspended on Twitter until details support the calculation that spam / fake accounts actually account for less than 5% of users,” Musk wrote on Twitter, linking to an article of Reuters last week. where detailed Twitter leaks into spam accounts.
The deal has been temporarily suspended on Twitter, pending details to support the calculation that spam / fake accounts actually represent less than 5% of users. Https://t.co/Y2t0QMuuyn
– Elon Musk (@elonmusk) May 13, 2022
It wasn’t immediately clear how Metric influenced Muskie’s decision to buy the company.
A few hours later, Musk added:
Still loyal to the acquisition
– Elon Musk (@elonmusk) May 13, 2022
Musk’s confused statement is likely related to funding, said Angelo Carusone, president of Media Matters for America. Musk, which also manages Tesla, used Tesla stock as collateral for the Twitter purchase. But Tesla’s stock price, along with other tech stocks, has crashed over the past few weeks.
“If Tesla shares continue to fall, it may not have enough shares to secure the loans,” Carusone tweeted on Friday.
“So no, I’m not thinking of robots. “This refers to @elonmusk’s ideology, that beyond his obligations to Tesla shareholders and his erratic behavior undermines Tesla’s value,” Carusone wrote on Twitter.
4 / So no, I think not. This is about @Elon MuskHis ideology precedes his obligations to Tesla shareholders, and his erratic behavior undermines Tesla’s value.
– Angelo Carusone (@GoAngelo) May 13, 2022
New York Times Technical Reviewer Kara Swisher Featuring comments from Musk Spam account as a reason to leave, pay a $ 1 billion fee and then “return to low price.”
“Ironically, someone like him could really improve Twitter as a private company, but he can’t stop shaking hands on all sorts of topics,” Sweiser said in a separate tweet. “He should just keep quiet and just pay the demolition fee, buy more shares, drop out and wait. But there will be chaos! “
Ironically, someone like him could really improve Twitter as a private company, but he hasn’t stopped shaking hands with all sorts of things. He needs to keep quiet and just pay the demolition fee, buy more shares and wait. But there will be chaos!
– Kara Swisher (@karaswisher) May 13, 2022
Musk negotiated with the Twitter board last month to buy the social media giant for $ 44 billion and said he got enough funding for it. The deal includes a $ 1 billion termination fee that Musk will have to pay if he leaves. According to Bloomberg.
The company itself is undergoing changes prior to the deal. Periscope co-founder Kevin Bacon announced his departure on Thursday, saying Twitter CEO Parag Agrawal asked him to step down.
“Parag asked me to leave after letting me know he wanted to take the team in a different direction,” Beikpur tweeted.
The truth is, that’s where I thought of leaving Twitter and I didn’t make that decision. Parag asked me to leave after letting me know he wanted to take the team in a different direction.
-Kevin Baikpur (@kayvz) May 12, 2022
Muskie’s statements followed a series of statements released this week on the platform, including his intention to restore former President Donald Trump’s account.
“I will lift the permanent ban,” Musk told the Financial Times at an event Tuesday. “I don’t have Twitter yet. So it doesn’t seem to happen, because what if I don’t have Twitter? “
This article has been updated with a mask that says it is still committed to the agreement.
Source: Huffpost
