Elon Musk loses US$12bil in a day as he tweets politics, slams ESG

19/5/2022 9:05:00 AM

Musk has grown increasingly vocal since launching his US$44bil offer for Twitter.

Musk has grown increasingly vocal since launching his US$44bil offer for Twitter.

Elon Musk spent May 18 on Twitter Inc, announcing his political switch from Democrat to Republican, trashing ESG and replying to several users of the social-media website he’s agreed to buy.

Tesla Inc, meanwhile, sank to the lowest level this year, wiping US$12.The billionaire tweeted “this deal cannot move forward” unless Twitter provides proof of its claims, reiterating his own view that the ratio is far higher.A (May 19): Elon Musk spent Wednesday on Twitter Inc.Telegram channel for the latest updates.

3bil (RM54.18bil) from his wealth, while Twitter further extended its slide.He recently butted heads online with Twitter chief Parag Agrawal over the way the social media giant accounts for bots, stoking speculation Musk may try to lower the price or even walk away.All told, Musk has lost US$49bil (RM215., meanwhile, sank to the lowest level this year, wiping US$12.84bil) since launching his bid for Twitter last month, partly as the wider market tumbled and as some investors in Tesla grew concerned over how he’d fund his offer for the social-media giant.2% in pre-market trading in New York, after sliding more than 8% the previous day.ALSO READ: Elon Musk wars with Twitter over his buyout deal – on Twitter Musk, 50, remains the world’s richest person, with a fortune of US$209.” “Yesterday, Twitter’s CEO publicly refused to show proof of<5 per cent,” tweeted Musk, who has almost 94 million followers on the social network.

9bil (RM924.20 (RM237.Musk, 50, remains the world’s richest person, with a fortune of US$209.58bil), according to the Bloomberg Billionaires Index.He’s shaved US$60.Twitter said it is “committed to completing the transaction on the agreed price and terms as promptly as practicable”, in a statement on Tuesday.4bil (RM266.4 billion off his wealth this year, trailing only Binance’s Changpeng Zhao, who’s down US$81 billion, and Jeff Bezos’s US$62 billion drop.05bil) off his wealth this year, trailing only Binance’s Changpeng Zhao, who’s down US$81bil (RM356.The battle over bots has become a sticking point for Musk, who told a tech conference in Miami on Monday that fake users make up at least 20% of all Twitter accounts, possibly as high as 90%.“So how do advertisers know what they’re getting for their money?” Musk tweeted in a subsequent response about the need to prove Twitter users are real people.

79bil), and Jeff Bezos’s US$62bil (RM273.10bil) drop.Musk encouraged Twitter users to run their own tests for bots, crowd-sourcing the effort to calculate whether they made up less than 5% of the service.He tweeted that ESG was “a scam” after Tesla lost its spot on an S&P Global index that tracks companies on their environmental, social and governance standards.Musk has grown increasingly vocal since launching his US$44bil (RM193.81bil) offer for Twitter.Musk replied by first asking why Twitter doesn’t just call users to verify their identity – and then by posting a poop emoji.Wednesday was no exception.It has been weaponized by phony social justice warriors.” Musk has described his motivation as stemming from a desire to ensure freedom of speech on the platform and to boost monetization of a website that is massively influential but has struggled to attain profitable growth.

ALSO READ: Elon Musk can’t easily give Twitter the boot over bots He tweeted that ESG was “a scam” after Tesla lost its spot on an S&P Global index that tracks companies on their environmental, social and governance standards.39bil) breakup fee for each party, which Musk will have to pay if he ends the deal or fails to deliver the acquisition funding as promised.He also predicted that “political attacks” on him would “escalate dramatically in coming months”.In a separate tweet, Musk said he’d supported Democrats in the past because “they were (mostly) the kindness party”, but has now changed his mind.The latest barrage of tweets from the world’s richest person is yet another twist in Musk’s attempted takeover of the micro-blogging site.Subscribe to Mid-day email alert We deliver news to your inbox daily.“They have become the party of division & hate, so I can no longer support them and will vote Republican,” he said.– Bloomberg Article type: free.Musk caused the potential cracks in the deal to widen last week when he tweeted that his offer to buy Twitter was “temporarily on hold” until he gets more information about the proportion of fake accounts.

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Elon Musk says Twitter must prove bot claims for US$44bil&nbsp;deal to proceedElon Musk declared he won’t proceed with his US$44bil (RM193.17bil) takeover of Twitter Inc unless the social media giant can prove bots make up fewer than 5% of its users, casting yet more uncertainty over the deal.

Musk loses US$12 billion in a day as he tweets politics, slams ESG(May 19): Elon Musk spent Wednesday on Twitter Inc., announcing his political switch from Democrat to Republican, trashing ESG and replying to several users of the social-media website he’s agreed to buy.Tesla Inc., meanwhile, sank to the lowest level this year, wiping US$12.3 billion from his wealth, while Twitter further extended its slide. All told, Musk has lost US$49 billion since launching his bid for Twitter last month, partly as the wider market tumbled and as some investors in

Musk says no Twitter deal without clarity on spam accounts | Malay MailNEW YORK, May 17 — Billionaire Elon Musk said today that his purchase of Twitter would not go ahead unless he was given assurances on the bots that he says plague the platform, further complicating his acrimonious bid for the social media giant. The chief of SpaceX as well as Tesla, Musk is...

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Twitter board says it plans to ‘enforce’ Musk merger agreement(May 18): Twitter Inc.’s board said it plans to enforce its US$44 billion agreement to be bought by Elon Musk, saying the transaction is in the best interest of all shareholders.“We intend to close the transaction and enforce the merger agreement,” the board said Tuesday in a statement to Bloomberg News. Directors voted earlier to unanimously recommended that shareholders approve Musk’s US$54.20-a-share offer.The board’s statement comes as Musk appears to be maneuvering to ditch or renegotiate his offer.Musk said

As Musk tweets, advisers plug away to keep Twitter deal on trackNEW YORK (May 18): In public, Elon Musk’s erratic tweets have sent Twitter Inc’s shares flailing, as traders bet that the billionaire is preparing to walk away from or re-negotiate his US$44 billion takeover of the social-media company. Behind the scenes, it’s more like business as usual, as advisers on both sides plug away at the day-to-day work of closing a megadeal.One potential sign that the deal is still on track: the 139-page filing that hit early Tuesday, detailing how