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NYT: Musk's purchase of Twitter is "on hold" [View all]
Elon Musk says his takeover of Twitter is ‘on hold.’
https://www.nytimes.com/2022/05/13/business/elon-musk-says-his-takeover-of-twitter-is-on-hold.html?referringSource=articleShare
Elon Musk said his $44 billion bid to purchase Twitter was “temporarily on hold” until he could get more details to confirm that spam and fake accounts represent less than 5 percent of the social network’s total users.
Mr. Musk, the chief executive of Tesla, made the announcement in a pre-dawn tweet on Friday. He linked to a Reuters article published on May 2 about a regulatory filing by Twitter that included an estimate of the number of spam and fake accounts.
Shares in Twitter fell about 20 percent in premarket trading on Friday.
Mr. Musk, the chief executive of Tesla, made the announcement in a pre-dawn tweet on Friday. He linked to a Reuters article published on May 2 about a regulatory filing by Twitter that included an estimate of the number of spam and fake accounts.
Shares in Twitter fell about 20 percent in premarket trading on Friday.
More at the link
Link to tweet
?s=20&t=6VeNei-j5E-xnmANe9wKBQ
22 replies
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