Remember when Elon Musk announced that it is buying Twitter and this bomb then sounded on social media for several days in a row? Well today is another interesting day in this saga like Musk revealed that the transaction is “temporarily suspended”, pending “details confirming the calculation that spam / fake accounts actually represent less than 5% of users”.
If you are confused about what he is talking about as well This was reported by Reuters Earlier this month, it was reported that Twitter itself believes that spam and fake accounts make up less than 5% of users. But now Musk doesn’t seem sure that’s the case only 5% of users.
Obviously, if a much larger percentage of Twitter users are spam bots and fakes, then the value of the campaign to the buyer will decrease, and in this case we assume that Musk is offering less than the $ 44 billion he has already agreed to pay. It is unclear what exactly is happening, but the news has surprisingly led to a drop in the value of Twitter shares.
Musk says it’s worth it still committed to see how the acquisition goes, so this is probably a tactic of negotiating at a later stage. We will let you know what is unfolding.