Twitter’s share price took a dive today even as the tech-heavy NASDAQ Composite index rose by nearly four percent.
The social-media company’s shares plunged 9.67 percent to close at US $ 40.72 in the wake of a tweet by Elon Musk.
Last month, the Tesla CEO announced that he was buying Twitter in a US $ 44-billion deal.
Musk offered US $ 54.40 per share and planned to take the company private.
But early today, he said that this takeover is “temporarily on hold”.
Musk said that the delay is pending details to support a calculation that spam and fake accounts represent fewer than five percent of Twitter users.
This evening, he followed that up by declaring: “The bots are angry about being counted.”
Some are speculating that Musk may be trying to back out of the deal because of a recent sharp decline in Tesla’s share price.
Original Article reposted fromSource link
Disclaimer: The website autopost contents from credible news sources and we are not the original creators. If we Have added some content that belongs to you or your organization by mistake, We are sorry for that. We apologize for that and assure you that this won’t be repeated in future. If you are the rightful owner of the content used in our Website, please mail us with your Name, Organization Name, Contact Details, Copyright infringing URL and Copyright Proof (URL or Legal Document) aT spacksdigital @ gmail.com
I assure you that, I will remove the infringing content Within 48 Hours.