The reason why the world was confused is because of Musk’s way of tweeting over the last couple of days where he has been loading his tweets with a lot of sarcasm.
New Delhi: Moments after he tweeted that the Twitter deal is “temporarily on hold” and the world got confused whether is he joking or being serious, Elon Musk, in a second tweet, said, “Still committed to acquisition”.
Watch the tweet here:
The reason why the world was confused is because of Musk’s way of tweeting over the last couple of days where he has been loading his tweets with a lot of sarcasm.
Musk had offered to buy the popular site in April for $44 billion. The move, however, came as a surprise to most experts and Twitter users. While there is no doubt that Musk and Twitter are in agreement that Musk intends to purchase Twitter for $44 billion and close the deal in the coming months, there are speculations that he may back out of the deal.
Meanwhile, Musk’s tweet made Twitter weak in the knees in the market. Shares of the social media company fell almost 17.7% to $37.10 in the premarket trading, which is the lowest level since Musk disclosed his stake in the company in early April and subsequently made an offer to take it private for $54.20 per share.
According to reports, Twitter had earlier this month estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter, when it recorded 229 million users who were served advertising.
Musk, a ‘free speech absolutist’ has always been critical of policies of the micro blogging platform. He always maintains that Twitter needs to be taken private to grow and become a genuine platform for free speech. Twitter had previously invited Elon Musk to join its board of directors, but the SpaceX head declined.
