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Twitter shares under pressure report: Musk deal in serious danger

admin by admin
July 8, 2022
in IT news
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Twitter shares under pressure report: Musk deal in serious danger
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New York A U.S. newspaper report about an impending collapse of the agreed takeover by tech billionaire Elon Musk has put Twitter under pressure on the stock market. The stock of the short news service fell on Thursday after the stock market at times by over seven percent. Most recently, the price was still down by almost four percent.

The trigger was a report by the “Washington Post”, according to which the ongoing conflict between Musk and Twitter management over the number of spam and fake user accounts on the platform seriously jeopardized the $ 44 billion (43 billion euros) takeover.

Musk’s staff believes that Twitter’s information is not verifiable, an anonymous source is quoted in the report. He said his team had stopped involvement in talks to fund the deal. The issue of fake accounts is not new. Musk has already threatened to drop the purchase because of this.

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