Elon Musk says Twitter deal is 'on hold'

[shockedcanadian]

Has Twitter been lying to shareholders and committing fraud?

If Musk passes on this deal, Trumps Truth Social will receive a big boost.

Elon Musk says Twitter deal is 'on hold'

Twitter shares are taking a hit after Elon Musk said in a tweet that his $44 billion acquisition is temporarily on hold.

www.foxbusiness.com

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.

 

[Magnus]

Elon Musk sent Twitter’s stock on a rollercoaster ride early Friday as he claimed that his $44 billion deal to take over the site was “temporarily on hold” — then insisted hours later that he was “still committed” to the buyout.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” the Tesla CEO said in an early Friday tweet at 5:44 a.m.

Twitter’s stock then dipped more than 25% to as low as $33.79 in pre-market trading — far below Musk’s marijuana-themed purchase price of $54.20, indicating investors were betting the deal wouldn’t go through.

Then at 7:50 a.m., Musk posted a follow-up tweet saying that he was “Still committed to acquisition.”

Twitter’s shares erased some of their losses and were hovering around $40 shortly before markets were set to open on Friday morning. That’s still about 11% lower than where they closed on Thursday.

After the first tweet, Wedbush Securities analyst Dan Ives estimated that Wall Street investors now see a less than 50% chance that the deal closes. He added that Musk’s tweet amounted to a “Twitter circus show” since Wall Street is liable to view this deal as “likely falling apart” or “Musk negotiating for a lower deal price.”

Elon Musk sends Twitter stock into frenzy after saying deal for site ‘temporarily on hold’

Elon Musk said Friday that his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts on the social media platform.

nypost.com

 

[progressive hunter]

Elon Musk sent Twitter’s stock on a rollercoaster ride early Friday as he claimed that his $44 billion deal to take over the site was “temporarily on hold” — then insisted hours later that he was “still committed” to the buyout.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” the Tesla CEO said in an early Friday tweet at 5:44 a.m.

Twitter’s stock then dipped more than 25% to as low as $33.79 in pre-market trading — far below Musk’s marijuana-themed purchase price of $54.20, indicating investors were betting the deal wouldn’t go through.

Then at 7:50 a.m., Musk posted a follow-up tweet saying that he was “Still committed to acquisition.”

Twitter’s shares erased some of their losses and were hovering around $40 shortly before markets were set to open on Friday morning. That’s still about 11% lower than where they closed on Thursday.

After the first tweet, Wedbush Securities analyst Dan Ives estimated that Wall Street investors now see a less than 50% chance that the deal closes. He added that Musk’s tweet amounted to a “Twitter circus show” since Wall Street is liable to view this deal as “likely falling apart” or “Musk negotiating for a lower deal price.”

Elon Musk sends Twitter stock into frenzy after saying deal for site ‘temporarily on hold’

Elon Musk said Friday that his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts on the social media platform.

nypost.com

 

[progressive hunter]

 

[marvin martian]

Has Twitter been lying to shareholders and committing fraud?

If Musk passes on this deal, Trumps Truth Social will receive a big boost.

Elon Musk says Twitter deal is 'on hold'

Twitter shares are taking a hit after Elon Musk said in a tweet that his $44 billion acquisition is temporarily on hold.

www.foxbusiness.com

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.

All the hate, bigotry, and violence the left has already expended on Musk may have been for nothing. They can go back to buying his electric cars again, and Twitter can go back to being a cesspool for Hamas, the Taliban, and the radical Left.

LOL

 

[JimH52]

Elon Musk can't just walk away from his Twitter deal by paying a $1 billion breakup fee

Musk can't just walk away from buying Twitter, despite a $1 billion reverse break fee attached to the deal.

www.cnbc.com

Musk is walking on thin ice. His announcement on Twitter could doom the deal and be very expensive for him.

 

[WEATHER53]

The fake and hoax bites again. He’s witnessed as we have here the fake and paid accounts.
Until the suspension of reality that was imposed around the election is eradicated, the entire globe will be fettered with cumbersome fake, false and hoax.

 

[TheGreatSatan]

The fake and hoax bites again. He’s witnessed as we have here the fake and paid accounts.
Until the suspension of reality that was imposed around the election is eradicated, the entire globe will be fettered with cumbersome fake, false and hoax.

Most groomercrats on the internet in this era are paid posters, foreign intelligence, and the bots and socks of both. Very few actual Americans support groomers.

 

[Magnus]

Elon Musk can't just walk away from his Twitter deal by paying a $1 billion breakup fee

Musk can't just walk away from buying Twitter, despite a $1 billion reverse break fee attached to the deal.

www.cnbc.com

Musk is walking on thin ice. His announcement on Twitter could doom the deal and be very expensive for him.

Yup. At the least, he has to pay a $1 billion breakup fee. That might be nothing for the world's richest guy, but he may also be liable to billions of dollars of lawsuits from people who have bought Twitter stock based on him buying Twitter. Not to mention, the Twitter board would sue him for breach of trust in addition to the fine.

 

[JimH52]

Yup. At the least, he has to pay a $1 billion breakup fee. That might be nothing for the world's richest guy, but he may also be liable to billions of dollars of lawsuits from people who have bought Twitter stock based on him buying Twitter. Not to mention, the Twitter board would sue him for breach of trust in addition to the fine.

Sounds like he is trying to either renegotiate or weasel out of the deal.

 

[basquebromance]

 

[iceberg]

All the hate, bigotry, and violence the left has already expended on Musk may have been for nothing. They can go back to buying his electric cars again, and Twitter can go back to being a cesspool for Hamas, the Taliban, and the radical Left.

LOL

twitter of old is dead. if bots are still 4x greater than the 5% documented, advertisers will now scream unholy hell that 20% of the reach they paid for, at a minimum, were bots.

their only real chance now is musk to lower the price to fair market value and buy it at that fair rate. oddly enough, trump said this would happen but hey - he's never right, is he? not when you hate him, no. but that mentality most people grow out of. liberals seem to cling to this emo bullshit for life.

but in a single action not even completed, musk destroyed a major "validation" of the liberals. the "truth" is coming to light here and the louder people cry FOUL the more embedded they are in the lie itself. they can scream all they want but if twitter loses a huge chunk of revenue, their glory days as they sit today are done.

twitter needs to morph into something more than a platform for the ADD to spew out snark and one liners or it's dead too, regardless of who owns it.

 

[iceberg]

Elon Musk can't just walk away from his Twitter deal by paying a $1 billion breakup fee

Musk can't just walk away from buying Twitter, despite a $1 billion reverse break fee attached to the deal.

www.cnbc.com

Musk is walking on thin ice. His announcement on Twitter could doom the deal and be very expensive for him.

sure, cowboy.

the problem is, he made the offer based on financial reports and those are appearing to be a lie as he can now dive in and look. if they did in fact lie, twitter is toast.

your going after musk is just bitter bullshit and hate.

 

[Delldude]

He demanded a bot audit, for them to confirm their claim of 5%....if they don't comply, they have to pay him for breaking up the deal or could Musk's offer be renegotiated?

 

[iceberg]

He demanded a bot audit, for them to confirm their claim of 5%....if they don't comply, they have to pay him for breaking up the deal or could Musk's offer be renegotiated?

twitter is in a very bad spot. they reported 5% and if fraud, some heads should roll.

but what should happen for breaking the law doesn't happen anymore. hence, the chaos we see in the streets.

protesting at a judges house is 100% fucking illegal yet....the left says SO WHAT THIS IS IMPORTANT!

so is following our laws.

 

[CrusaderFrank]

Is discovering securities fraud a good reason to walk away?

 

[marvin martian]

but he may also be liable to billions of dollars of lawsuits from people who have bought Twitter stock based on him buying Twitter.

Wow, you don't understand how the stock market works AT ALL.

LOL

 

[iceberg]

Yup. At the least, he has to pay a $1 billion breakup fee. That might be nothing for the world's richest guy, but he may also be liable to billions of dollars of lawsuits from people who have bought Twitter stock based on him buying Twitter. Not to mention, the Twitter board would sue him for breach of trust in addition to the fine.

you buy stocks on speculation. period. stop blaming others for stupid decisions you make and the world can take a step to recovery.

and breach of trust coming from someone who has lied about their financial statements?

you funny.

 

[ThisIsMe]

This may not be related but....Elon announces he's going to buy twitter....misinformation board is announced, Elon announces Twitter deal on hold, misinformation board announces they are on hold


Probably coincidence, but strange non the less.

 

[Captain Caveman]

Has Twitter been lying to shareholders and committing fraud?

If Musk passes on this deal, Trumps Truth Social will receive a big boost.

Elon Musk says Twitter deal is 'on hold'

Twitter shares are taking a hit after Elon Musk said in a tweet that his $44 billion acquisition is temporarily on hold.

www.foxbusiness.com

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.

This is a possibility -

1. Musk buys loads of Twitter shares

2. Musk announces Twitter bid, shares rocket

3. Must sells Twitter shares, make huge profit

4. Musk says bid on hold, share price plummets

5. Musk is busy buying Twitter shares again......

I wonder how many times he could repeat this money making scheme!! lol