Elon Musk has decided to suspend the Twitter acquisition process, as analysts had mentioned earlier this week .
Elon Musk cast doubt on his desire to buy Twitter by announcing on Friday that he was provisionally suspending his acquisition pending details on the proportion of fake accounts on the platform. But then he claimed that he remained “committed” to completing the deal, with the market wondering what his true intentions were.
Twitter’s stock, listed on the New York Stock Exchange, limited its losses by giving up about 10% in electronic trading before the Wall Street open, after plummeting 25% after the announcement of the suspension. of the purchase. “The agreement on Twitter is temporarily suspended pending details that support the calculation that fake accounts effectively represent less than 5% of users,” he tweeted this Friday on his own account, where he has 93 million followers.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022