Elon Musk "delays the purchase of Twitter".

The stock is plummeting

Musk announced that in the absence of a reference to the amount of Pike users on the site it is suspending the purchase, the stock has shed a percentage of a pre-trade stage

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13/05/2022

Friday, 13 May 2022, 14:08

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Will it eventually become clear to us that it was all a troll?

Elon Musk announced today (Friday) that the move to acquire Twitter has entered a freeze.

This is due to disagreements about the nature of the current users of the network.

Musk finds, he claims, no reference to the fact that there are less than 5 percent of Pike users and is waiting for data to support this.

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Everything in vain?

Musk (Photo: Reuters)

Investors reacted with disappointment to the news and the stock is in the pre-trading phase of declines, which have already reached 20 percent and then moderated.

Musk, CEO and founder of Tesla and SpaceX, announced in late April a $ 44 billion deal to acquire the social network. The deal will give Musk control of the platform, ending Twitter's operations as a public company since its first IPO in 2013

. Musk himself and his company Tesla are not in a good time, and due to the declines in the markets, Tesla has lost about 40 percent of the campaign since the beginning of the year.

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