Tesla boss and richest man on the planet, Elon Musk, said on Friday he was suspending the takeover of Twitter pending details on the proportion of fake accounts on the social network. The action of the group plunged about 20% after this announcement in electronic trading before the opening of Wall Street.
A few days ago, the boss of Tesla and SpaceX had reached a definitive agreement with the board of directors of Twitter to buy the social network, valued at 44 billion dollars, with the stated aim of defending freedom of expression. .
The news had aroused many reactions, from enthusiasm to anguish. “Twitter has a purpose and a meaning that concerns the whole world. I am very proud of our teams and inspired by the work that has never been more important”, declared Parag Agrawal, the current leader of Twitter soberly.
With more than 83 million subscribers, Elon Musk uses his Twitter account almost every day to give news of his companies, jokes or start controversies. It’s also one of the platform’s harshest critics. He believes that freedom of expression is not sufficiently respected there and considers the moderation of content too severe.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022