On May 17, Beijing time, US stocks closed on Monday, and Twitter's share price plunged 8.18% to $37.39. At present, the market value is only $28.6 billion. At the beginning of April, musk announced the news of holding twitter shares. Compared with the day before the news was announced, now the twitter share price has fallen, so some people doubt whether musk will buy twitter for $44 billion.
According to people familiar with the matter, musk hinted at a private meeting that he would not rule out buying twitter at a lower price. He also argued with Twitter CEO Parag Agrawal on the proportion of spam accounts every other day.
Musk further emphasized this on Monday, predicting that fake accounts account for at least 20% of all twitter accounts. Twitter declined to comment.
The sell-off of twitter shares accelerated after musk tweeted on Friday that the acquisition was shelved until he found more details about the false account and its prevalence on the platform. Musk later wrote that he was "still committed to acquisitions," and twitter chairman BRET Taylor responded, "so are we."
Musk began buying twitter shares in January and disclosed its 9.2% stake in the company on April 4. Twitter's board of directors accepted Musk's $44 billion bid for the company on the 25th, but the deal has not been completed.