The richest man in the world, Elon Musk, suspends the purchase of the social network Twitter. He wants to check the number of fake accounts first before closing the $44 billion sale.
The announcement had an immediate effect on stock markets ahead of the open as the stock plunged 20% before climbing back to losses of 12%. You can follow the share price in real time HERE.
Elon Musk explained his gesture by sharing on Twitter an article from Reuters that approximately 5% of the social network’s 229 million daily users use fake accounts. He wants to check the numbers before sealing the deal.
The 270 billion dollar man adjusted the shot an hour later with a new message that he was still interested in buying the social network.
Details to come…
Still committed to acquisition
— Elon Musk (@elonmusk) May 13, 2022