NewsWorldTwitter may have a big problem. Musk has...

Twitter may have a big problem. Musk has suspended its takeover, this is the reason – Živé.sk

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The richest man in the world originally planned to buy Twitter all over. Elon Musk has suspended the planned acquisition of the social network Twitter. He wants to wait for the resolution of the allegedly different share of fake accounts. Markets reacted negatively to the announcement. We also draw attention to our recent podcast: Although at first glance it may have seemed that completing the takeover of the Twitter social network should be more of a formality (although the transaction is still subject to regulatory approvals, for example), the situation may be getting tangled. The directly expected new network owner, Elon Musk, has announced that it is suspending the planned takeover. The imaginary apple of contention are fake accounts, respectively. their (actual) share of the total number of accounts. The Twitter social network said earlier this month that the total number of fake accounts accounts for less than 5 percent of the platform’s total users. Read also Why Elon Musk bought Twitter, what he wants to change and will be its new director … However, it seems that the share will be (significantly) higher. Musk himself said that the takeover of the social network compiles until he obtains more information about the problem. However, it is questionable how Musk will eventually behave if it is to be found that the share of fake accounts is much higher. Will he cancel the purchase or request a “discount” from the sale price? In the event of the withdrawal of one of the parties involved in the transaction, the participant would have to pay the other one billion dollars. However, it is clear that the number of real users is literally crucial for the social network – for example, in terms of advertising targeting. But it is Twitter that is often associated with fake bot-backed accounts to publish various content. Often also fake or hoax. Stock markets have already reacted to the situation, with Twitter shares falling by about a fifth almost immediately. Elon Musk announced the acquisition of the social network Twitter in the second half of April. The entire transaction should have a value of 44 billion dollars, and upon its eventual completion, Musk will be the complete owner of the social network. It is not clear in advance what he plans to do with the network and where it will go. However, he indicated, for example, the possibility of charging content for companies or state institutions “for a reasonable fee”. Basically, however, Twitter has to remain free. Read also Musk wants Twitter to serve democracy. It will contribute to its destruction

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