Loading ...Elon Musk puts Twitter takeover on hold
Elon Musk has said his planned $44bn takeover of Twitter is on hold amid concerns about the number of fake or spam accounts on the site.
The billionaire wrote in a tweet: “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5pc of users.”
Shares in Twitter crashed 25pc in pre-market trading.
The gap at $40 has now been filled and finally the risk/reward allows for favorable trade at these levels if one is so inclined.
So Inclined to but Twitter ?
Why ?
The Gap wont be filled on the open it will be an Island top
Gap up and Gap down
Gap at 40 was filled. It is a buy here like I said when the deal was first announced, that I wouldn’t be interested at anything above $40.
Obviously Musk is getting cold feet. Ministry of truth will be in his face and the the Fed is also investigating him to crash the deal. Twitter must remain as is for the mid terms.
IMO Twitter is a lie …apparently half of the ‘accounts” are fake / bots
Twitter has little influence …especially after Musk has exposed it
There are many many alternative places to get your information and MOST are very comfortable using them
There are many who don’t want him to own it and as you state they are trying to stop him but I think he will ultimately buy at or very close to the price agreed to.