(c) Rolling Stone
Over concerns about what he sees to be an overabundance of phony accounts, the world’s richest man has already expressed reservations and even hinted that he would walk away from the arrangement.
Although he was granted access to internal data, Musk has been unable to determine the percentage of Twitter accounts that are not authentic, according to the New York Post.
The current story cites an anonymous source as suggesting that Musk’s staff is ready for a “change in course,” even though Musk has already made comments casting doubt on the deal.
According to Wedbush analyst Dan Ives in a note to clients, “the Twitter soap opera is definitely headed to some type of crescendo over the next months as Musk takes the decision to stay” or “leave.”
“It’s evident that the Twitter transaction has sparked confusion at Twitter.”
Ives predicted that Tesla CEO Elon Musk would speak more about his concerns about phony accounts in the coming weeks.
There are still “quite serious doubts” regarding the number of bogus Twitter users, Musk remarked at the Qatar Economic Forum last month.
Using a video link, Tesla and SpaceX exploration head Elon Musk stated, “So we are still awaiting resolution on that topic and it is a very serious matter.”
According to Twitter’s executives, only 5% of accounts are fake, but CEO Elon Musk feels the figure is substantially higher.
Twitter’s debt, according to Musk, was also a source of concern.
Buying Twitter in the form originally agreed by Musk is unlikely, according to Ives.
By setting the probability of a lower price at 60%, Wedbush opened the door for Musk to walk away from the transaction with only a US$1 billion breakup fee in mind.
ICC has dropped the crucial update regarding the ICC Women’s World Cup 2025 which will commence 30 September 2025. To…
One of the established and a leading Japanese singer and songwriter, Aiko is known for her blending of modern music…
Today, on 15 July 2025 it is going to be a clash of two equally potent football teams China and…
The badminton competition in Japan Open 2025 which is the second event on the BWF World Tour calendar has now…
Seattle Mariners catcher Cal Raleigh was the 2025 winner of the MLB Home Run Derby on Monday night at Atlanta…
Kang Seo Ha, a South Korean actress passed away yesterday aged 31 and the South Korean entertainment industry is mourning.…
This website uses cookies.
Read More