In doubt: Elon Musk’s purchase Twitter Tesla’s CEO has just announced that finalization of the transaction will be temporarily suspended. Is there a reason for his decision?
Another day, another tweet
Twitter contract temporarily suspended in awaiting details to confirm whether spam or fake accounts actually account less than 5%
Musk made the announcement this morning.
Entry states Response to the recently released estimates by the platformFor the first quarter, it was less than 5% fake or spam accounts that accounted for daily monetizable user.
As a response to him Platform shares rose Critical moments Even 20% pre-session turnoverThis means that the price has fallen to the lowest level since April’s beginning. Another entry by Musk helped to improve the situationIt maintained its interest in the closing of the deal. The decline in share prices has slowed to $ 41 per unit at the beginning of the session.
The $ 44 billion contract remains on the table. Musk shared what to expect if Musk doesn’t make it all the way.
Plans of the billionaire include Removal of spam bots, modification of moderation methods, introduction of an algorithm that assigns content a priority, open source codes, and less influence from advertisers on shaping the platform. Also, increasing the role paid subscriptions..
This is to allow him the freedom of speech he desires in the medium he describes “Digital city marketplace”. If it does, it promises to bring about positive changes.
What do you think about Musk’s vision and the likelihood of a successful transaction? What do you think about another successful transaction?
Source: Reuters; photo: Britta Pedersen / Pool via AP