Elon Musk said on Friday his $44-billion deal for Twitter Inc (TWTR.N) was temporarily on hold, citing pending details on spam and fake accounts.
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk said in a tweet.
Shares of the social media company fell 20% in premarket trading. Twitter did not immediately respond to a request for comment.
Tesla share price down a whopping 38% YTD, 6% today alone. This will impact Musk's dream of purchasing Twitter.
— Richard Signorelli (@richsignorelli) May 11, 2022
Leftists were outraged about Elon Musk spending $44 billion to buy Twitter and not using that money for their socialist demands.
But they have no problem spending $40 billion of your tax dollars on more aid for Ukraine with little direction on where that money will actually go.
— Lauren Boebert (@laurenboebert) May 12, 2022