Stock Groups

Musk reportedly says Twitter deal at lower price ‘not out of the question’

[ad_1]

Elon Musk (CEO of Tesla Inc) attends World Artificial Intelligence Conference, Shanghai, China on August 29, 2019.

Reuters| Reuters

Elon Musk suggested that he might seek to negotiate the price for his property. TwitterTakeover: Despite the fact that a deal was not “out of reach”, Bloomberg reported Monday.

Musk made these comments while speaking at an event. summitFor their podcast “All In”, Chamath Palihapitiya hosted the show.

Investors fear Musk might renege on the $44 billion deal to buy social media giant Facebook.

The Twitter shares are also gone all gains made since Musk disclosed his investmentDue to an earlier sale last week, the stock price of the company rose on April 4. Musk stated Friday that Musk had announced the acquisition was “on hold” while he researches the proportion of fake and spam accounts on the platform, which he believes Twitter has misstated.

Musk claimed Monday that at most 20% of users are made up by fake accounts, as per the Bloomberg report. Twitter, however, stated Monday that fake users made up less than 5% its monetizable daily active user base in the quarter.

Read the full story from Bloomberg here.

[ad_2]