Conservative Provocateur

Musk Threatens To Walk Away From Twitter Deal

2 min read

May 13, 2022 at 06:52AM  Musk Threatens To Walk Away From Twitter Deal

There’s been plenty of speculation in recent days about whether Elon Musk’s deal to buy Twitter might collapse, that he might walk away, or hold out for a better price, as the recent ructions in markets – especially for tech stocks – have caused equity valuations to re-rate lower en masse. And now, just days after Hindenburg warned that Musk would try to reprice the deal or walk away, Musk has confirmed just that on Twitter.

Twitter shares were down 19% in pre-market trading in New York.

Musk posted the comments about the deal on Twitter (where else?) along with a report citing Twitter claiming that fake accounts represented less than 5% of users. Musk seemed to imply that this number was off.

Twitter shares were down 19% in pre-market trading in New York, while Tesla shares were up more than 6% on the news as investors hoped that Tesla shares would now no longer be at risk due to their status as collateral.


Elon Musk Wants a Candidate ‘Less Divisive’ Than Trump in 2024, Says Biden Won Because People ‘Wanted Less Drama’

Elon Musk said Thursday he believes former President Donald Trump belongs on Twitter, but he would personally prefer someone “less divisive” in 2024.

The billionaire Tesla and SpaceX CEO also said he believes President Joe Biden was only elected in 2020 because people had grown tired of “drama.”

Musk, who is in the process of acquiring the platform for $44 billion, took what appeared to be veiled shots at both men with a pair of tweets.

“Even though I think a less divisive candidate would be better in 2024, I still think Trump should be restored to Twitter,” Musk tweeted.

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