By Yasin Ebrahim 

Investing.com — Elon Muss said Monday that Twitter could be offered a lower price after the billionaire suspended the deal last Wednesday due to concern over fake accounts. Musk spoke at a conference hosted by a podcast called “All-In” run by Chamath Palihapitiya, Jason Calacanis, David Sacks and David Friedberg.  

In recent trading, Twitter (NYSE 🙂 fell 7% 

Musk last week said the $44 billion deal to take Twitter private was “temporarily on hold” as he awaits confirmation that spam or fake accounts do represent less than 5% of users. 

The move sparked widespread speculation that Musk was seeking to negotiate a lower price than the $54.20 per share offered for the company last month. If the potential lower price isn’t accepted, and Musk ultimately walks away, “then the stock would likely see a sub $30 level with a broken deal in this shaky market backdrop,” Wedbush said.