Ken Martin
Fox NewsFri, 13 May 2022 17:28 UTC
Musk tweeted Friday morning that the deal to purchase Twitter has hit a snag.
Twitter shares plunged more than 10% during Friday's trading session after Elon Musk said in a tweet that a
deal for the company is temporarily on hold.
Later Friday morning, Musk added that he is "still committed to acquisition."
Twitter's board accepted Musk's offer in late April to take the social media giant private at $54.20 per share. Musk, the world's richest man and the chief executive of Tesla Inc.,
had said that one of his priorities would be to remove "spam bots" from the platform.The company had earlier this month estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter.
It also said it faced several risks until the deal with Musk is closed, including whether advertisers would continue to spend on Twitter.
Twitter did not respond to a request for comment.
Comment: Whether he's a white-hat super-genius or just innocently stumbling along, Elon Musk is exposing all the deep dark secrets at Twitter. If it turns out that a significant proportion of accounts on the platform are actually bots, what does that say about the platform? Because it's been revealed just how important a tool for narrative control the elites consider Twitter to be, they probably don't want it revealed how many of the 'people' you're interacting with are robots designed to shape your perspective. Keep going Elon!
See also:
(He's not the bright one lolll but we all know that). 🌟