Twitter Plunged More Than 25% In Front Of The Session, And Musk Said Trading Was Temporarily Suspended

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Elon Musk, CEO of Tesla (tsla. US), said that the acquisition of twitter (TWTR. US) was temporarily suspended because he was waiting for details about the calculation that spam / false accounts really account for less than 5% of users. As of press time, twitter fell more than 25% before trading on Friday, while Tesla rose more than 6%.

Musk posted on twitter that Twitter transactions were temporarily suspended because it was waiting for the results of the survey that "spam or false accounts account for less than 5% of users".

A few days earlier, musk also said on twitter that one of his first tasks was to delete the "spam robot" from the platform.

On May 11, Beijing time, the performance of the US stock market on Tuesday reflected for the first time that investors believe that Elon Musk is unlikely to buy twitter for $44 billion as he initially agreed.

Twitter shares fell to $46.75 on Tuesday. According to Musk's purchase price of $54.20 per share and Twitter's closing price of $39.31 on April 1, this implies that Musk's possibility of completing the acquisition of twitter for $44 billion is less than 50%.

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