Elon Musk said on Friday that his deal $ 44 billion for Twitter was “temporary on Hold”, where it tries to determine the exact number of Spam and fake accounts on The social media Platform, another evolution amidst the labels of inner turmoil over proposed acquisition.
Twitter shares It fell 17.7% to $37.10 in Before being put on the market tradingThis is the lowest level since Musk disclosed his share in company in Early April and later made a “best And final”Proceed to take it private for $54.20 each share.
Meanwhile, Tesla shares against Obtained by Musk $6.25 billion in Finance for acquisition up about 5%.
musk , who He was outspoken about his desire to clean up up Twitter problem with “spambots” that mimic real peopleseems to be wondering if the company is not reporting it.
“Twitter deal temporarily on Hold detail outstanding supporting The calculation that fake / fake accounts do indeed account for less than 5% of users,” Musk told him more From 92 million Twitter followers on Friday.
at latest Tweet, Musk pointed to Reuters story From May 2 that said Twitter has appreciated it false or spam accounts account for less than 5% of It can be monetized daily active users through first quarter When 229 million users registered who to advertise.
“This 5% metric was out for sometimes. Obviously he will have already I saw him… so it might as well be more bit of The strategy To lower the price, Susanna Streeter, that analyst In Hargreaves Lansdown (ed.).
“It would be very frustrating for Many in The company gave this number of senior executive managers already put off she said.
Twitter deal temporarily on Hold detail outstanding supporting The calculation that fake / fake accounts do indeed account for less than 5% of usershttps://t.co/Y2t0QMuuyn
– Elon Musk May 13, 2022
It wasn’t clear either it was issue It could spoil the deal. musk already Sold off more From 8 billion dollars worth of his tesla shares to fund purchase.
Wedbush analyst Dan Ives, who “Strange,” Musk said on Twitter, he follows both Tesla and Twitter lead Wall Street either thinks the deal is likely to fall apart, Musk tries to negotiate a lower deal priceOr, he simply walks away from the bargain with 1 billion dollars penalty.
“A lot of will view This is like musk using These Twitter/spam accounts files as a file way to take, to own out of this deal in Significantly changing the market, Ives wrote.
he is added this musk use of Twitter instead of a financial deposit to make announcement He was annoying and ‘Send this whole deal to a circus show with Many questions and no definitive answers to path of This deal is going on forward. “
implicit probability of Close the deal upon agreement price He fell below 50% for The first the time on Tuesday, when Twitter shares Projection below US$46.75.
Investors had to weigh legal problems for Musk, plus possibly getting Twitter to be a distraction from running the world’s most valuable Auto industry.
Musk’s tweet comes a day after the publication of social media Two company launched of its senior managers. Twitter said the company has paused most hiring, except for for critical roles, and ‘drag back on Non-labor costs for ensure We are currently responsible and efficient. “
In a note sent to employees and confirmed by Twitter, CEO Parag Agrawal said the company had not done so hit growth And revenue stages after the company began investing “vigorously” to expand its user base and revenue.
Musk was the world’s richest man who proclaimed himself a supporter of free speech critical of Twitter moderation policy. He said he wanted the Twitter algorithm to prioritize tweets public and was against too much power on Service for companies that advertise.
Earlier this week, he said he would rescind the ban on Twitter on former US President Donald Trump when he buys social media Platform, in reference to his intention to cut off moderation of Site.
The social media The company said so faced Several risks until the deal with Musk is closed, including whether advertisers will continue to do so spend on Twitter amid “potential uncertainty about future plans And strategy. “
Musk will have to pay a termination fee of $1 billion if he walks away from the deal.
