Musk says a Twitter deal at a lower price is “not out of the question”

In April Elon Musk made a bid to acquire Twitter at $54.20 a share (valuing the company at $44 billion). However, the deal has now been put on hold after Musk has expressed doubt that the proportion of spam/fake accounts is less than 5% as Twitter claims. “This deal cannot move forward” until Twitter shows proof for the sub-5% number, tweeted Musk.

Musk claims that the original deal was made based on Twitter’s SEC filings, which state that the fake accounts make up 5% or less of the active user base. However, if that proportion is higher, it will impact the company’s bottom line.


Very interesting. Check out our latest tone…

Find Digital Rain Tone here.

Read More