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Elon Musk paralyzes the purchase of Twitter until the number of “false accounts” detected | Present

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NEW YORK

Just two hours after declaring that he was putting the Twitter acquisition deal on hold until he knew in more detail how many fake accounts there are on the social network, Elon Musk, who is the richest man in the world, has assured that he remains “committed to the acquisition” of the social network, whose purchase was announced for nearly 44,000 million dollars.

“Twitter’s settlement is temporarily suspended pending details to support the calculation that fake and fake accounts spam they represent less than 5% of users,” Musk had written in a message posted on Twitter.

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Effects on the stock market

The tweet, published at 05:44 in the morning New York time (09:44 GMT), has generated more than 10,000 comments and already has more than 16,000 retweets. As soon as the news was known, in addition, Twitter shares have plummeted about 20%, to around 36.5 dollars, before the opening of Wall Street.

But a little more than two hours later, at 07:50 local time, the businessman wrote another brief tweet in which he limited himself to ensuring that he remains “committed to the acquisition.”

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After the new message, the actions of the platform in the electronic operations prior to the opening of Wall Street They recovered some of the lost ground, but as of 08:20 local time (12:20 GMT) they were still falling more than 11%.

Partners of Elon Musk

Musk offered 54.2 dollars for each share of the popular social network, 20% more than the closing price on Thursday and more than 40% above the value at which it is being exchanged in the negotiations prior to the opening of the market. New Yorker.

In recent weeks, several investment funds and other millionaires have pledged to contribute $7 billion to the $21 billion that Elon Musk has pledged to pay out of his own pocket to acquire Twitter.

Among the tycoons who support Musk are the co-founder of Oracle, Lara Ellison, the financial firm Sequoia, the cryptocurrency exchange platform Binance or the Saudi prince, Ali Walid ben Talal, according to a document provided to the Securities and Exchange Commission of United States (SEC).

A benefit of 513 million

The tycoon had announced that his intention was to take the company out of the stock market once the purchase operation had been completed, that his intention was to occupy the position of CEO, as he advanced at the time the CNBC channelat least for “a few months”, and that after three years he would sell it again.

He also said that he would lift the veto on the social network of former US President Donald Trump, whose account has been closed since the assault on Capitol Hill by thousands of his followers in 2021.

Twitter earned 513 million dollars (more than 490 million euros) in the first quarter of the year, which is seven times more than a year earlier (655% more), driven by the sale of its mobile advertising business MoPub .

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