Tesla feeds on the collapse of Twitter: This is how Elon Musk revolutionizes the market


Elon Musk paralyzes the purchase of the social network Twitter after the publication of a study on false accounts. Here are the keys to the measure and how it would affect Tesla.

Elon Musk always has a new surprise ready for us. The greatest exponent of Tesla, also known for being the CEO of SpaceX or SolarCity, among others, for a few weeks has between eyebrows and eyebrows becoming the owner of Twitter, the social network of microblogging most prominent in the market. What seemed to be a walk for the richest person in the world has turned into a winding road. Will he end up acquiring the blue bird company?

This morning we found out that Elon Musk has suspended the acquisition of the digital company. After weeks of negotiations and, after having ensured the provision of the necessary capital, which exceeds 43,000 million dollars, the operation has been stopped. It is important to note that the negotiations have not been broken off, it is simply a paralysis of the acquisition due to a report carried out over the last few days.

Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users https://t.co/Y2t0QMuuyn

— Elon Musk (@elonmusk) May 13, 2022

Apparently, the presence of bots and accounts abusing spam is what has caused the current mess. This has been suggested by the tycoon himself, curiously, via a tweet posted by himself on the platform. Among Elon Musk’s priorities for Twitter was the removal of fake accounts. The discovery that 5% of all accounts could be of this class is what he has left in standby the purchase transaction.

Well, what movements has this provisional decision had in the market? The effect has been completely contrary to what happened a few weeks ago after rumors the first takeover offer by the CEO of Tesla. At that time, the investor welcomed the commitment to the digital network, making it grow in double digits during the following session. Tesla, on the contrary, choked on this measure, since it suffered a drop in its price of around 12%.

Elon Musk is surprised everyone with his commitment to Twitter Infobae

Today, the ups and downs are being similar, but in a completely opposite direction. At press time, it fell by around 12%, having placed its price 20% below from yesterday. Tesla, on the other hand, is raising its index by 7%. Once again, it is confirmed to what extent the Tesla investor is supporting or not the acquisition of Twitter by its CEO.

We will have to wait a few days to see how to solve the current dilemma. After all, this final decision could lead to billions of dollars in stock movements. Is Elon Musk doing the right thing in acquiring a firm present in a rather mature market? Without a doubt, this kind of movements are becoming a constant coming from which person they come from.

Related topics: Social media


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