After Tesla CEO Elon Musk announced on Twitter on Friday that he was suspending the purchase, many social media users reacted quickly to the news.
Breitbart News previously reported that Tesla and SpaceX CEO Elon Musk tweeted that the deal to buy Twitter is now “pending” as an investigation into the number of bots and spam accounts on Twitter has been completed. Twitter said in a recent filing that less than five percent of its daily active users have fake or spam accounts, now Musk seems more than willing to corroborate that claim, which is less than most estimates.
“The Twitter deal is temporarily suspended pending details supporting its calculations that spam/fake accounts represent less than 5% of users,” Musk said in a tweet. He later added, “Still seeking to buy.”
I’m still looking to get
– Elon Musk (@elonmusk) May 13, 2022
Many reacted quickly to Musk’s announcement, including former President Donald Trump, who posted about the deal on Real Social:
BREAKING: Donald Trump weighed in @ElonMaskbetting on twitter pic.twitter.com/pZ4b34NSzB
– Benny Johnson (@bennyjohnson) May 13, 2022
Musk has been praised by some for investigating the number of fake accounts on the platform:
Due diligence always helps
https://t.co/zQn6QaTCa4
– Sven Henrich (@NorthmanTrader) May 13, 2022
Don’t worry, Elon Musk is trying to negotiate a better price to buy Twitter.
– Matt Wallace (@MattWallace888) May 13, 2022
wait until @ElonMask I found out the true background of the scam @TwitterCensorship policy in Russia
– Tom Fitton (@TomFitton) May 13, 2022
They will admit that more than 5% are fake accounts! These fake accounts contribute to the spread of inappropriate trends and messages on the left. It’s about transparency.
– Vic DeGrammont (@votedegrammont) May 13, 2022
However, others are skeptical of Musk and the move, with many believing that Musk initiated the deal to increase the value of his nine percent stake in Twitter.
I’m right about everything. you didn’t buy by mistake #Twitter. You’re always bluffing. How many Twitter shares did you sell before publishing this announcement?
– Peter Schiff (@PeterSchiff) May 13, 2022
Make no mistake, Elon Musk is no fool, his announcement that the Twitter deal was put on hold is definitely a stock manipulation tactic.
And it will work.
SEC SAYS. Are you looking?
– MountainRC (@MountainRC) May 13, 2022
He has no plans to buy Twitter.
He did everything to get media attention.
It will of course have to pay a $1 billion termination fee, but media coverage will not be calculated as a result and will continue indefinitely in the future as a result.
– CopperStateDemocrat (@rob_voreck) May 13, 2022
What entrepreneur bids $44 billion without knowing the essentials?
– Paul (@Rattlesnake7) May 13, 2022
Others have suggested that the recent drop in Tesla’s stock price, which Musk used as part of his $44 billion bid, meant that Musk could no longer afford the deal:
Musk partially financed the deal with a $6.25 billion loan secured by Tesla stock. But “musk’s margin credit to buy Twitter could be a destabilizing force if Tesla’s share price drops.” The terms of the loan state that “Tesla must repay ALL its debt if its shares fall more than 40%.”
– (((DeanObeidallah))) (@DeanObeidallah) May 13, 2022
Elon Musk: “I’ll buy Twitter with other people’s money!”
LBO Investors: “Sorry Tesla Stock Crashed, Use Your Money Now”
Elon Musk: “Maybe I won’t buy Twitter!”@elonmusk
– NoelCaslerComedy (@caslernoel) May 13, 2022
Very predictable. https://t.co/VHOIfQxRcm
– HNDRX (@TheHndrx) May 13, 2022
It has nothing to do with spam accounts.
It was about the price he had promised to pay. It is now very expensive after the collapse of the global markets.
If current owners agree to a new lower price, it plans to complete the purchase.
– نواف – مواطن سعودي (@Nawaf_fromKSA) May 13, 2022
However, Musk said he remains interested in acquiring Twitter, so the deal has not been decided yet.
Read more of Breitbart’s news here.
Source: Breitbart
