It appears the sh%$ storm that has blown into Elon Musk's life over his proposal to take over twitter, along with the increased scrutiny of his life and accomplishments, have led Musk to place the acquisition on hold.
He is arguing that Twitter is understating the number of bots and inauthentic accounts, but I think that this is really about people saying mean things about him:
Elon Musk today said his deal to purchase Twitter is "temporarily on hold" while he awaits details on the number of spam and fake accounts on the site, but he later added that he remains "committed" to the acquisition.
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5 percent of users," Musk wrote in a tweet Monday morning. In a follow-up tweet two hours later, he wrote, "Still committed to acquisition."
The first tweet saying that the deal is "on hold" included a link to a May 2 Reuters article noting that Twitter had "estimated in a filing... that false or spam accounts represented fewer than 5 percent of its monetizable daily active users during the first quarter."
Either he is looking for a way out where he can blame Twitter, and demand a cancellation fee from them, or he is looking to lower his bid by driving the price down. (Twitter shares fell over 20% in response to his tweets)
If it is the latter, perhaps the SEC should have another word with him.
In either case, he has already popped the bubble that was his reputation as a genius visionary.
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