As Elon Musk’s Twitter takeover attempt drags on, he hits yet another stumbling block. A report from Reuters from the 2nd of May notes that the social media company had estimated the total number of spam and fake accounts to make up less than 5% of users. Musk has now just tweeted out the Reuters report, and says that he’s putting it on hold while he waits to see supporting calculations that prove those numbers.As a result of Musk’s tweets, Twitter’s share prices had begun nose diving.
The Tesla CEO had also prioritised reducing the spam and bots on Twitter as part of his takeover plan before this. One particular reason for this is likely that if those numbers were to be higher than Twitter claims it is, it could hurt its advertising revenue in the long run as advertisers will no longer be convinced that their ads are being shown to real people.
Not everyone seems impressed by Musk’s actions though. His tweets have caused Tesla’s stocks to rise and fall on a whim in the past, and his recent tweets now put Twitter into the same boat. Dan Ives, a Wall Street tech analyst, notes that the stock market will now see his actions as Musk potentially trying to wrestle a lower price with Twitter, or maybe even Musk trying to wrangle a way to get to walk away from his Twitter takeover altogether.
The implications of this Musk tweet will send this Twitter circus show into a Friday the 13th horror show as now the Street will view this deal as 1) likely falling apart, 2) Musk negotiating for a lower deal price, or 3) Musk simply walking away with a $1 billion breakup fee
He should just download for free from the App Store and not make a big fuss
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.