Elon Musk’s Twitter purchase in jeopardy

WhatsAppWhatsAppFacebookFacebookTwitterTwitterPinterestPinterestRedditRedditGmailGmailShareShare

 Beijing BeijingUS: Elon Musk’s $44 billion deal to buy Twitter fell apart late on Thursday (July 7), according to the Washington Post.

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.”

Related Posts

“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.

Burapha

Sawadee-khrup. I am a multicultural Thai newswriter that is always on the lookout for daily news that are intriguing and unique in my native country Thailand.

Recent Posts

ICC Women’s World Cup 2025: Field is Ready for the Upcoming Scheduled Warm-ups at Diverse Four Venues!

ICC has dropped the crucial update regarding the ICC Women’s World Cup 2025 which will commence 30 September 2025. To…

July 15, 2025

J-Pop Icon Aiko Returns With a ‘National Tour’ After 24 Months! What are her Stoppings & Shows?

One of the established and a leading Japanese singer and songwriter, Aiko is known for her blending of modern music…

July 15, 2025

EAFF E-1 2025: China vs Hong Kong! Who will end at the 3rd position?

Today, on 15 July 2025 it is going to be a clash of two equally potent football teams China and…

July 15, 2025

Japan Open 2025: Full Schedule, Indian Players, and Viewing Info

The badminton competition in Japan Open 2025 which is the second event on the BWF World Tour calendar has now…

July 15, 2025

Cal Raleigh Crowned Home Run Derby Champion After Dramatic Night in Atlanta

Seattle Mariners catcher Cal Raleigh was the 2025 winner of the MLB Home Run Derby on Monday night at Atlanta…

July 15, 2025

Korean Actress Kang Seo Ha Dies at Age 31 After Battling Illness

Kang Seo Ha, a South Korean actress passed away yesterday aged 31 and the South Korean entertainment industry is mourning.…

July 15, 2025