Posted on May 13, 2022
Elon Musk says he's put the blockbuster Twitter deal on pause over fake accounts
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Posted 2 y ago
Responses: 4
Looking for honesty in a business transaction? The truth, the whole truth and nothing but the truth
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Guess he can't admit that not everyone was happy about it. Blame someone else, just like the orange boy.
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PO1 William "Chip" Nagel
..."The impact of the delay is uncertain
Twitter announced the deal to sell to Musk on April 25, saying he would take the company private by paying $54.20 per share in cash after a whirlwind courtship between the billionaire and the social media platform.
The company said it expects to complete the transaction sometime in 2022.
In his Friday update, Musk didn't provide any other details about putting the deal on hold, leaving it open to interpretation as to how he might postpone or delay the massive purchase.
The seriousness of the matter is also an open question, as Musk often uses Twitter to air spontaneous thoughts alongside his concrete plans.
Before he tweeted about the Twitter buy, for instance, Musk's previous message demanded, "Stop the war on straws!"
That habit has gotten him into trouble before. In 2018 the Securities and Exchange Commission fined Musk over a tweet in which he claimed to have secured funding to take Tesla private — which, it turned out, was not the case, according to a ruling from a judge.
Earlier this week, Musk said that once he completes the deal, he would reverse Twitter's permanent ban on former President Donald Trump. He called the ban "a morally bad decision, to be clear, and foolish in the extreme."...
..."The impact of the delay is uncertain
Twitter announced the deal to sell to Musk on April 25, saying he would take the company private by paying $54.20 per share in cash after a whirlwind courtship between the billionaire and the social media platform.
The company said it expects to complete the transaction sometime in 2022.
In his Friday update, Musk didn't provide any other details about putting the deal on hold, leaving it open to interpretation as to how he might postpone or delay the massive purchase.
The seriousness of the matter is also an open question, as Musk often uses Twitter to air spontaneous thoughts alongside his concrete plans.
Before he tweeted about the Twitter buy, for instance, Musk's previous message demanded, "Stop the war on straws!"
That habit has gotten him into trouble before. In 2018 the Securities and Exchange Commission fined Musk over a tweet in which he claimed to have secured funding to take Tesla private — which, it turned out, was not the case, according to a ruling from a judge.
Earlier this week, Musk said that once he completes the deal, he would reverse Twitter's permanent ban on former President Donald Trump. He called the ban "a morally bad decision, to be clear, and foolish in the extreme."...
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