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| Economy | |
| Twitter Acquisition By Elon Musk In Jeopardy, Report Says | |
| 2022-07-08 | |
| BRIAN DEAGON06:22 PM ET 07/07/2022 [Investors] Twitter stock fell in after-hours trading Thursday after a report surfaced that the $44 billion dollar acquisition offer by Elon Musk was in doubt. "Musk's deal to buy Twitter (TWTR) is in serious jeopardy," the Washington Post said. It said Musk's camp concluded that Twitter's figures on spam accounts are not verifiable.
Twitter stock has been on a roller-coaster ride ever since Musk, in April, made a highly speculative bid to acquire the social media company for $54.20 a share. The board of directors ultimately agreed to the deal. But action in Twitter stock showed there is plenty of uncertainty as to whether it will go through or not. Read the rest at the link | |
| Posted by:badanov |
| #8 Musk says acquisition is term⁶inated |
| Posted by: Alistaire Munster5962 2022-07-08 17:46 |
| #7 My washing machine would need replaced after every load. |
| Posted by: M. Murcek 2022-07-08 15:55 |
| #6 Twitter says it removes 1 million spam and bot accounts daily |
| Posted by: Skidmark 2022-07-08 15:51 |
| #5 ^ Wall Street has trillions to buy garbage with. |
| Posted by: M. Murcek 2022-07-08 08:35 |
| #4 One must wonder if Musk's efforts were simply intended to reveal the crooked SOB's for what they are. |
| Posted by: Besoeker 2022-07-08 08:34 |
| #3 If Musk doesn't buy them because there are too many fake accounts, Twitter will die absent someone willing to lose money on them. Advertisers won't fund them anymore. |
| Posted by: Rob Crawford 2022-07-08 08:32 |
| #2 It will be bought by some entity that will maintain its leftward bent and rabid censorship. Now that "three years of social media" will be required to get a gun license in NY state (until that gets thrown out too) it will be hard to argue an employer has no right to consider an applicant having a shittah account to be a net negative. |
| Posted by: M. Murcek 2022-07-08 07:07 |
| #1 I doubt he ever intended to buy it. The price was absurd. |
| Posted by: European Conservative 2022-07-08 07:02 |