Elon Musk said on Friday he was putting a temporary halt on his much-anticipated deal to buy Twitter, sending shares in the social media giant plunging.
Musk, the world’s richest man and founder of automaker Tesla, had made the eradication of spam accounts and bots one of the centerpieces of his proposed $44 billion takeover of Twitter.
Wall Street investors were likely to interpret the tweet as an attempt by Musk to pull out of the deal or trying to force a lower price, said Ives.
‘False and misleading’ Musk is boss of both Tesla and SpaceX and is estimated to be worth $240 billion, according to Forbes.
He has been tangled in legal troubles ever since he tweeted in 2018 that he had enough funds to take Tesla private — a claim that a judge last month decided was “false and misleading”.
