elon musk

puts hold on twitter deal

Must Tweeted Yesterday that  He has put the hold on Twitter Deal worth $44 Billion Because he is awaiting the numbers of fake users on the platform

"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users"

The Tweet Reads,

"Still committed to acquisition" And "To find out, my team will do a random sample of 100 followers of @twitter .   I invite others to repeat the same process and see what they discover …"

He also added,

Here is how twitter ceo parag agrawal reacted on the situation

"While I expect the deal to close, we need to be prepared for all scenarios and always do what’s right for Twitter.  I’m accountable for leading and operating Twitter, and our job is to build a stronger Twitter every day."

Parag Tweeted,

"People have also asked: why manage costs now vs after close? Our industry is in a very challenging macro environment – right now. I won’t use the deal as an excuse to avoid making important decisions for the health of the company, nor will any leader at Twitter," his post read.

He Also Added,

What will happen if Musk Says no to the Deal?

Elon Musk will have to pay a fee of $1 Billion as a break up fee and will face lawsuits that might cost him some extra billion dollars! 

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