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Musk drops a bomb: "Twitter deal frozen until further notice" Israel today


The billionaire tweeted that the $ 44 billion deal was "temporarily frozen" because of an investigation into the extent of inhumane social media users

Billionaire Elon Musk, whose offer to buy Twitter recently received a green light from the company's board of directors, tweeted today (Friday) that the $ 44 billion deal is "temporarily frozen" due to an investigation into the extent of inhumane social network users.

The announcement comes shortly after the U.S. Securities and Exchange Commission announced it would investigate Musk's actions to buy a 9 percent stake in Twitter, before announcing its desire to acquire it in full due to suspicion it did not report in time the large stake it acquired.

"The deal is on a temporary standstill until details are revealed on how the counterfeit accounts are calculated, and the junk accounts to see if they are indeed at a rate of less than 5 percent."

As you may recall, the social networking giant Twitter was sold to Elon Musk, the richest man in the world, for $ 44 billion.

Musk bought the company for $ 54.20 per share, the price it offered about two weeks ago.

"Freedom of speech is the cornerstone of a functioning democracy, and Twitter is the square of the digital city where important issues for the future of humanity are discussed," Musk said in a brief statement.

"I want to improve Twitter by adding new features and making the code of its algorithm open."

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Source: israelhayom

All tech articles on 2022-05-13

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