Last minute: Elon Musk suspended his Twitter deal!

Tesla and SpaceX CEO Elon Musk recently launched the social media platform Twitter per share. $54.20 paying in total 43.4 billion had agreed to buy it in return. However, the businessman recently a critical decision giving the company temporarily suspend purchases announced that he had Here are the details…

Elon Musk won’t buy Twitter for now

While everyone is waiting for the agreement to be made official and the transfer process to take place, Elon Musk has recently made a surprise statement and announced that he has suspended the purchases of Twitter. After Elon Musk’s announcement Twitter shares pre-open in transactions 19 percent decrease lived.

The reason behind this decision of the business person is the platform. spam and fake We can say that it is a statement about the number of accounts. Long time ago twitterAfter announcing that the number of such accounts is less than 5 percent of total users, Musk said: until the relevant data are verified platform buy transactions has suspended explained.

Of course, this situation brought to mind the compensation that should be paid if the business person withdraws from the agreement. Because, within the scope of the agreement signed between Musk and Twitter, it may be necessary to pay 1 billion dollars to terminate the contract. However, we will see if this situation will be necessary in the future.

Elon Musk first took to Twitter last month. 9.2 percent passive share bought in. However, the businessman, who was not satisfied with this and aspires to the entire company, succeeded in reaching his goal, despite the tension he experienced especially with the board of directors. However, the latest development could change all these situations.

So what do you think about this subject? Do you think Elon Musk can give up buying Twitter completely? Do not forget to share your views with us in the comments section or on the SDN Forum.