Elon Musk could not purchase Twitter in any case. The Tesla CEO in his newest tweet states that the $44 billion Twitter deal is on “maintain”. Musk supplied to purchase the favored microblogging web site final month for $44 billion. The transfer, which got here as a shock to most specialists and Twitter customers, has led to a lot hypothesis. Whereas there isn’t any doubt that Musk and Twitter are in settlement that Musk intends to buy Twitter for $44 billion and shut the deal within the coming months, there are speculations that he could again out of the deal.

Now, in his newest tweet, Musk mentioned that the “Twitter deal briefly on maintain pending particulars supporting the calculation that spam/faux accounts do certainly signify lower than 5 per cent of customers.”

It isn’t clear if Musk is critical about his tweet or if he’s simply joking. And given the best way he has been tweeting for the final 20 days, it may very well be something. The rationale why the discuss of spam bots may very well be a joke is that such due diligence is normally accomplished earlier than the merger and acquisition offers are introduced.

Nonetheless, on this case, Musk mentioned {that a} new report — by Reuters, which is counting on Twitter’s regulatory submitting as an alternative of personal inner knowledge — has led him to place a $44 billion deal on maintain. Additionally, the Reuters report is definitely a constructive report for Twitter as a result of, opposite to what many count on or really feel, lower than 5 per cent of Twitter customers are spam bots, in line with the report. Placing a deal on momentary maintain over a constructive report appears bizarre, or not less than a joke. However then the entire thing of Musk shopping for Twitter looks as if a joke, so we are able to’t ensure. It’s doable that Musk has certainly paused the Twitter deal.

No matter what Musk means by placing the deal on “maintain”, his newest tweet is about to provide rise to the chat that the deal between Musk and Twitter shouldn’t be but a accomplished factor. There’s lots of speak about Musk shopping for Twitter. One buzz says that Musk, whose first precedence is Tesla, will get out of the Twitter deal earlier than finishing it as a result of it has already resulted in Tesla inventory getting a hammering on the inventory market and diluting the wealth of Musk.

Musk saves Tesla, says no to Twitter?

Then there may be the discuss that Musk, seeing how Twitter inventory stays in doldrums, will wish to renegotiate the Twitter buy and argue for a cheaper price. On Might 9, Hindenberg Analysis, a US-based monetary analysis agency, mentioned that Musk would attempt to re-price the Twitter deal. In a tweet, the agency mentioned: “We Are Brief Twitter. Musk Holds All The Playing cards. We See a Vital Danger That The Twitter Deal Will get Repriced Decrease.” On the similar time, in its report, Hindenberg Analysis added that if Musk doesn’t get his approach he could even stroll away from the deal. Whereas strolling away will imply that Musk should pay a $1 billion payment to Twitter, Hindenberg Analysis believes that Musk is not going to thoughts it.

In its submitting the place it highlighted that lower than 5 per cent of customers had been bots, Twitter additionally famous that till its take care of Musk is accomplished, it was in unsure instances. Reuters wrote, “Twitter mentioned within the submitting it confronted a number of dangers till the take care of Musk is closed, similar to whether or not advertisers would proceed to spend on Twitter and potential uncertainty relating to (its) future plans and technique.”

A few of this uncertainty appears to be already evident. Simply final night time, Twitter CEO Parag Agrawal made some sweeping modifications within the management construction of the corporate he fired two senior executives — head of product and head of income. Parag additionally mentioned that Twitter was freezing all new hirings and was tightening its belt by reducing down on advertising, offsite, and different bills.

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