Elon Musk’s takeover of Twitter on hiatus

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This Friday, May 13 will go down in social media history as if it were a true horror movie for that day, which begins with a confusing tweet from Elon Musk and ends with the protagonists in court.

the plot that involves a negotiation between 44,000 and 45,500 million dollarsapproved in April, takes place amid the confusion generated by the latest text tweeted by Musk demands details on the actual calculation of the number of fake users.

In a poignant story, Twitter suspended the approval result of its calculation of fake spam accounts that represent less than 5% of users active logs.

an inaccurate report

A dose of naivety floats in the atmosphere when Twitter publicly confessed that the estimate of fake or spam accounts did not accurately represent the actual number and, even worse, The figure could be higher than expected.

such a slip generated a reaction suited to Musk, which has space travel among its calculations, where accuracy is a matter of life and death, in addition to take away from your initial motivation to weed out digital imposters.

Consequently Musk temporarily suspends purchase to verify fake, bot or spam account details and Twitter shares drop over 13%, or $38.86 per share. In the environment, there is an uncertain path ahead for the close of trading.

So the thriller of the century with Musk alone and Twitter shareholders collectivelycould reach the unhappy ending, with one of the actors before a judge who certifies the culprit’s billion-dollar disbursement for the failed deal.

Adding to the argument would be Tesla’s ambivalent share price performance that led Musk’s financial approach to a costly mistake. And that also has a lot to do with the outcome. Beyond the plot, one would think that Musk may have a lower-than-initial offer up his sleevedue to the fact that the money to complete the purchase does not appear at all.

In reality Musk waited fifteen days after the Twitter report to reactsomething that many analysts see as part of its strategic nature to create uncertainty before making decisions.

Related Topics: Social networks

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