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May 15, 2022
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Musk announces that he is suspending the purchase of Twitter for now and the stock sinks

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Elon Musk announced this Friday that provisionally suspends the purchase of Twitter, awaiting details on the proportion of false accounts in the social network.

“The Twitter deal is temporarily on hold pending details to support the estimate that fake accounts account for less than 5% of users.”announced, precisely on Twitter, the richest man in the world and head of Tesla.

After this message, the group action fell 20% in electronic trading prior to the opening of the Wall Street stock market and stood at just over $36 on Friday at noon, well below the $54.2 per share proposed by the billionaire.

Twitter was contacted by AFP but had no immediate comment.

Musk made the eradication of fake accounts and user transparency one of the central issues for his purchase of Twitter, for which he offered $44 billion last month.

AFP

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