Twitter share price

The Tesla chief tweeted on Friday morning that the deal was being frozen while he awaited details behind Twitter's assertion. Musk announced the move alongside ...

“Maybe the true cost and extent of the risk involved in turning around a ‘break even’ Twitter may have dawned on Elon Musk. After all, $43Bn for what may be little more than a sideline does seem excessive. Twitter’s share price plunged by around 18% in pre-market trading following his tweet indicating the deal was temporarily on hold. So I suspect what we will see is a higher proportion, across the piece, spent on food for the longer term. We’d always said Musk may cut or run or change his tune at the 11th hour and 59 minutes and 59 seconds on the clock. No other buyer will emerge – if Musk decides he is still interested he can “name his price”… and it won’t be higher! “We have been perhaps through a golden era. The Twitter board have been held hostage and only have themselves to blame for this mess. The board should have seen this coming. “The tragi-comedy continues and the Twitter situation is nothing short of laughable. We’re not even close to the 11th hour yet. Elon Musk has said his $44bn takeover of Twitter is “temporarily on hold” after the social media platform claimed that less than 5% of its users were spam or fake accounts. Elon Musk has said his $44bn takeover of Twitter is “temporarily on hold” after the social media platform claimed that less than 5% of its users were spam or fake accounts.

Hindenburg Research founder, who recently shorted Twitter, was in a jubilant mood when the social giant's stock price went tumbling early in the session.

“We have performed an internal review of a sample of accounts and estimate that the average of false or spam accounts during the first quarter of 2022 represented fewer than 5% of our [daily average users] during the quarter,” Twitter revealed in its first-quarter letter to shareholders. In a Twitter post, he said he needs to confirm first whether the number of fake accounts is indeed as low as management has said. As of Friday, it looks as if Elon Musk has found in the company’s bot analysis the excuse he may have been looking for to try to renegotiate the $44 billion price tag on his Twitter bid—or drop it entirely.

Elon Musk said Friday that his plan to buy Twitter is “temporarily on hold,” raising doubts about whether he'll proceed with his proposed $44 billion ...

Musk’s tweet comes a day after the social media company fired two of its top managers. The proposed deal continued to pressure shares of Tesla, which had already fallen 16% this week. The Tesla equity share could go from $21 billion to $27.25 billion. In its quarterly filing with the SEC, Twitter doubted that its count of bot accounts was correct, conceding that the estimate may be low. Musk has been vocal about his desire to clean up Twitter's problem with “spam bots” that mimic real people and appeared to question whether the company was underreporting them. Tesla shares may have benefitted from Twitter bot accounts over the years as well.

Shares of the social-media company fell after Elon Musk said his deal to buy it was “on hold.”

- Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon Shares of Twitter shed $4.36, or 9.7%, to $40.72, its the lowest level since April 1, just before Mr. Musk disclosed a surprise 9% stake in the company. You may cancel your subscription at anytime by calling Customer Service.

The Tesla CEO said his deal to buy Twitter was 'temporarily on hold,' but then said hours later he is committed to the transaction.

A tweet from Tesla CEO Elon Musk sent Twitter shares sharply lower. The Tesla (ticker: TSLA) CEO said Friday his deal to buy Twitter (TWTR) was “temporarily on hold” pending a calculation related to the number of fake accounts on Twitter. Twitter Stock Plunges as Elon Musk Tweets About Acquisition