News Forum - Elon Musk goes cold on Twitter buy-out

[Thaiger]

After announcing in April that he planned to buy Twitter, the richest person on earth has once again sent the world reeling. Elon Musk has now announced that he is ditching his plan to buy Twitter. Musk alleged that the change in plan is due to Twitter making several breaches of the agreement. Musk said Twitter did not provide enough information about the number of spam accounts. The Tesla founder had asked for evidence to back Twitter’s claim that spam and bot accounts make up less than 5% of its total users. Musk’s lawyer said in a letter that Twitter […]

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[DoUKnowWhoIAm]

25 minutes ago, Thaiger said:

US$44-billion deal.

Air is expensive these days.

[dbrenn]

I'm not surprised. Whatever it might cost him to back out is probably less than what he stood to lose by proceeding. 

[Pompies]

There is a fine line between genius and madness and Musk increasingly errs away from genius. 

[palooka]

Lot of share price fluctuations since he started his bid, bet someone made a lot of money.

[BigHewer]

Twitter stock down 5% in 24 hours. Down 28% on early May, following the big surge in March.

A lot of folks made a lot of serious money  on all this volatility. Others did their pants. 

I wonder what Elon Musk’s net position is in his Twitter dealings.

[ronnie666]

Well at least he got a lot of free publicity... 

[Fanta]

2 hours ago, palooka said:

Lot of share price fluctuations since he started his bid, bet someone made a lot of money.

His lawyers. 

[palooka]

5 hours ago, BigHewer said:

I wonder what Elon Musk’s net position is in his Twitter dealings.

Maybe the first billion dollar question.

[HiuMak]

18 hours ago, ronnie666 said:

Well at least he got a lot of free publicity... 

He loves the lime light