Elon Musk suspends plans to buy Twitter

 

Elon Musk suspends plans to buy Twitter

There is a lot of talk around the world about the purchase of Twitter by US billionaire Elon Musk. In the meantime, Musk has announced suspended plans to buy Twitter. The reason, he said, is that there are a lot of fake and spam accounts on Twitter. If the number is more than 5 percent, he will move away from the decision to buy Twitter. He is currently trying to find out the number of such accounts. This was reported by BBC.

According to reports, Musk decided to buy Twitter for 44 billion. However, he is not as interested in buying Twitter as he used to be. He has to take loans from various banks for the money he needs to buy Twitter. Now he is complaining about fake and spam accounts. Following his announcement, Twitter's share price plummeted by 25%.

 

However, a few days ago, Twitter reported that the number of fake accounts in the first three months of this year is less than five percent of the total users. But Musk wants to be sure about that.

In the end, even if Mask doesn't buy Twitter, he will have to pay at least 1 billion in compensation to Twitter. Although technology expert Dan Ives says, Musk is basically looking to play a new game. Most likely, he is trying to negotiate by threatening to cancel the agreement. He may be thinking of spending 44 billion too much. And to get out of this deal, he will have to lose one billion dollars. There is no definite answer to what will happen to the future ownership of Twitter.

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