Elon Musk Puts $44 Billion Twitter Deal 'On Hold' [Updated]

[TheYayAreaLiving 🎗️]

Come on Elon, pull the trigger, and seal the deal with Twitter. Twitter is ready to cash out 😂

 

[cocky jeremy]

Trying to get a price cut due to the number of fake users on Twitter.

 

[InVinoVeritasty]

It's illegal for a publicly traded firm to overstate its value. If the fake accounts were found to be 15% or 20%, for example, the stock price would be overvalued.

And it's imprudent to overpay for misrepresented assets. Time will tell.

 

[2540497]

My opinion from day 1: he never had the money or appetite to buy it. Just loves the limelight.

Let’s see what happens but it looks like I was right…

 

[JM]

What if Elon is buying twitter to teach AI the best of human nature.

Oh boy. We’re in trouble. ?

 

[burgman]

I think some research into how many people will move to alternative platforms as a result of Musk taking over could be interesting too. Maybe most people are ambivalent about the whole saga but it’s something I’m considering….

Or no platforms, better yet. This Musk clown car and others are great for those needing a daily fix of chaos to boost their faux outrage levels. Or go for a nice walk with the kids and partner plus other positive pursuits. Choices...

 

[amartinez1660]

I think some research into how many people will move to alternative platforms as a result of Musk taking over could be interesting too. Maybe most people are ambivalent about the whole saga but it’s something I’m considering….

I would also be curious to know how many people will move from alternative platforms to Twitter after it’s bought.

I’m not considering getting on Twitter or getting out of Twitter, my last post (and it’s like the 5th one) was like 4 years ago. But this show is entertaining.

 

[KUKitch]

That’s absolutely him chickening out, or realizing he doesn’t have the money to do it and trying to find an out… seriously, this is the reason he’d put it on hold? He should well have known before offering $40B+

 

[genovelle]

Wonder if he’s having cold feet. How does it matter how many accounts are fake? Once he takes over, he can check and change anything he wants. Doesn’t seem like a substantial reason to put the deal on hold. Or probably there’s some angle I don’t understand.

He excuse could be saying, since the primary way he intended to improve Twitter was developing software to beat the bots and authenticate humans, having only 5 percent fake/bot account currently makes doing so completely irrelevant.

I personally think he is attempting find a way out because he realizes no that people will be jumping ship.

 

[genovelle]

What does Apple have to do with Musk buying Twitter?

Or are you referring to the mystical Apple car?

I believe that is what he is afraid of. He has commented on it before.

 

[BlendedFrog]

Why does this feel like the classic pump and dump scheme? Twitter is currently down almost 13% in after market/pre market trading.

 

[opeter]

Smart man. Now the twitter share will fall for $5 to $10 Billions and he can buy them for less. ?
?

 

[44267547]

It’s likely scrapped.

It’s not.

Musk commented/followed up that he is still committed to acquiring Twitter.

 

[iBreatheApple]

Wonder if the mindset would be to counter offer for less to save a couple billi “since your estimations are wrong”.

 

[BlendedFrog]

It’s not.

Musk commented/followed up that he is still committed to acquiring Twitter.

Sure he is...at 1/2 the price.

 

[Jim Lahey]

Biometric user authentication via Digital ID incoming in 3…2…

 

[grjj]

What does Apple have to do with Musk buying Twitter?

Or are you referring to the mystical Apple car?

I'd say the Apple car is less mystical (mythical?) than a workable and safe hyperloop.

 

[6787872]

elon is all talk and no show. like FSD.

 

[laptech]

Regarding the update on the main page. Even though Musk say's he is still committed to the purchase all this blustering could be a way to try and get Twitter devalued which would give Musk an excuse to pay less for the company.

 

[WiseAJ]

How long until the SEC fines musk for this tweet?

 

[EugW]

elon is all talk and no show. like FSD.

Uh what? Even though I don't like Elon Musk, I'll have to call you out on this one. He heads up several companies, some he founded, and some that have been quite successful.

 

[DNichter]

He's realizing it's a bad business deal. He won't be able to manipulate the market like he wanted when the recession hits in a few weeks.

 

[Chevysales]

Looking how the stock value has changed and considering how the value of his stock was the basis of his purchase this was bound to happen hopefully just until the market turns around. I'm sure the deal is structured so as either side was stiffly punished if they used this as reasoning. They have to use something else as an excuse.

And how about the ones that quit their job at Twitter over this.

 

[Chevysales]

Why does this feel like the classic pump and dump scheme? Twitter is currently down almost 13% in after market/pre market trading.

Did you look at Tesla?
His money is based on the value of his stock... neither expects or wants their stocks to plunge as they have.

 

[Bodhitree]

C’mon he made the offer at 44 bn USD which valued the company at over the stock price, the stock price has nothing to do with the value of the deal. It’s unlikely he’ll be able to adjust the value of the deal without good reason, such as there being a lot more false accounts than what Twitter has said.