Musk withholds $44 billion Twitter acquisition… Shares plunge

Tesla CEO Elon Musk, the world’s richest man, has announced that he will withhold a deal to buy Twitter, an Internet social networking service worth $44 billion.

Musk said on the 13th that he was suspicious of the size of fake or spam accounts on Twitter.

He said he was waiting for convincing information to prove that spam and fake accounts account for less than 5% of all users.

Musk still said he was willing to take over Twitter, but analysts speculated that he might be trying to renegotiate to lower the price of the deal, or even withdrawing from the deal altogether.

The share price of ‘Twitter’ has continued to decline along with the recent decline in tech stocks, and Musk’s remarks on the day led to a nearly 10% drop in the New York stock market.

According to Bloomberg’s World Billionaires Index, Musk is listed as the world’s richest person with a net worth of $224 billion as of this month, nearly double that of Amazon founder Jeff Bezos’ $137 billion. appeared.

VOA News

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