Elon Musk backtracks on Twitter and says he is committed
Less than two hours after stating that the purchase of Twitter was "temporarily
suspended", billionaire Elon Musk said he is still "committed to the
acquisition" of the company. The Tesla and SpaceX
owner's statements were made this Friday (13), on the platform itself.
Twitter shares plummeted more than 25% in the pre-market in New York.
After Musk backtracked, the papers decreased the low, but still plunged 10%, at $ 40.49, around 9:10 am.
In April, Twitter announced that it had closed a deal to be bought by Musk, in a transaction valued at
approximately $44 billion. This morning, the businessman posted a link to a Reuters news agency
report about a study done by Twitter itself, pointing out that fake and or spam accounts account for less than 5% of the social network's users.
"The Twitter deal is temporarily on hold until we have more details supporting the
calculation that fake and/or spam accounts actually represent less than 5% of users," Musk wrote.
The billionaire had stated in the past that removing fake accounts is important
to increase the value of the company. Now, if they represent
more of the user base than Musk believed, he may try to renegotiate the purchase price.