Musk plans to buy social media platform for $44 billion
(c) dpa-Zentralbild POOL
FILE – Tesla CEO Elon Musk attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, Tuesday, March 22, 2022. Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Musk and his $44 billion bid to buy the social media platform. Of the two, Musk’s electric vehicle company has fared worse, with its stock down almost 16% so far this week to $728. (Patrick Pleul/Pool via AP, File)
LONDON – Elon Musk said Friday that his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts on the social media platform.
It’s another twist after signs of internal turmoil amid the Tesla billionaire’s planned buyout of the company, including that Twitter fired two of its top managers Thursday.
It wasn’t clear whether the fake account issue could scuttle the deal.
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