Elon Musk has just said that the company’s partnership with Twitter has been put on hold for the time being. He further said that Twitter told him that spam and false accounts account for less than 5% of all users. Musk has now stated that he wants to see the proof.
Last month, Musk proposed to acquire Twitter completely for $44 billion dollars per share. He has already bought about ten percent of the firm.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users
Later, Twitter said that it would accept Musk’s $54.20 per share offer and invite him to join the company’s board of directors. Most reactions to the announcement were less than positive, with many worried that the entrepreneur’s promise of unrestricted freedom would be shattered. Those with the loudest and most forceful voices would have the upper hand. There are also concerns that misinformation may spread much farther.
Musk recently detailed some of his future ambitions for Twitter. He claimed he’s working on new methods to make money off of tweets. He also stressed the need of celebrities and influencers becoming more active on Twitter.
Elon Musk, the CEO of Tesla and SpaceX, has been a popular figure in the media for his ambitious goals. He was also one of the first people to invest in Twitter before it went public.
In 2009, Musk invested $40 million in Twitter. This was a 10% stake in the company at that time. His investment helped Twitter grow and become more successful as it is today. Recently, Elon announced that he would be stepping down as chairman of Tesla’s board and would be selling his shares of Tesla to focus on other projects – including running his other companies SpaceX and The Boring Company.
Musk’s decision to sell all shares of Tesla comes after a tweet from him on August 7th where he wrote “Am considering taking Tesla private at $420”. The tweet caused an uproar