- BBC News World
Elon Musk has confirmed that the $ 44,000 deal to buy Twitter has “aborted” after receiving all the attention that appeared to be one of the biggest stock deals of the year.
The decision is made while waiting to receive data on the number of fake or spam accounts on the social network.
He said he was waiting for supportive information [el] Calculation of spam or fake accounts Represents less than 5% of users.
The Twitter shares fell as much as 25% Before the market officially opened in the United States and with the start of the session, the decline gradually eased.
The businessman’s new tweet also helped prevent the fall, he notes “Is firm” for the acquisition.
According to the terms of the agreement, if Twitter or Musk exits the agreement, They owe the other party US $ 1,000 million.
Musk has weighed in on blocking spam accounts in the past.
“One of his priorities is to clean the stage. Remove bots and spam accounts that you think are degrading the operating systemBBC Technology Editor Joe Kleinman explains.
However, analysts speculate that it may want to reconsider the price Stay away from acquisitions.
Twitter announced it two weeks ago Fake accounts make up less than 5% of its active users Daily for the first three months of this year.
However, in determining the number of spam accounts, “significant judgment was used, so our assessment of fake or spam accounts may be The actual number is not specified Stated accounts.
“The actual number of fake or spam accounts may be higher than we estimate. We are constantly looking to improve the ability to estimate the total number of spam accounts,” the company said.
Kasturi is the richest man in the world According to Forbes magazine, it is now examining that number.
Twitter has been the problem for a long time Automatic dummy accounts are used to constantly post content.
Musk has called for “defeating spam bots” on Twitter, and has made a number of changes, including bringing back some banned accounts. Former US President Donald Trump.
Dan Eves, a technical analyst at investment firm Wetbush Securities, said Musk’s tweet “turns Friday the 13th into a day of horror for Twitter.”
Said to see Wall Street 3 opportunities for this deal: “Either he unwinds, or two, Musk agrees to negotiate a lower contract price, or three, Musk pulls out of the deal, paying a $ 1 billion fine.”
If Musk still decides to pursue the deal, “That’s it Negotiations will take place again Clear on the table.
He said many people “like” the number of spam accounts being analyzed One way out of this deal In a rapidly changing market “.
“The musk-making nature Very uncertainty with only one tweet This makes us very worried. There are plenty of unanswered questions about where the deal will go.
The Tesla boss’s latest move comes after the announcement Two Twitter executives will leave the platform.
Kevon Baikpur, who runs Twitter’s consumer division, and Bruce Falk, who oversees revenue, tweeted on Thursday that leaving was not their decision.
As of this week, the company also said Most hiring was suspendedExcept for “business important roles”.
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