Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Musk Puts $44B Twitter Acquisition ‘temporarily on hold’ Over Fake Accounts

By John F. Heerdink, Jr.

Reportedly, Tesla’s (TSLA) CEO Elon Musk’s $44 billion acquisition of Twitter Inc. (TWTR) is “temporarily on hold”, tweeted the CEO until more information about the proportion of fake accounts is received, sending the social media giant into a tailspin. Fighting the fake accounts has been a keystone of Musk’s bid to reform Twitter. Last month, he revealed he wanted to defeat spam bots, authenticate all humans, and make its algorithms open source. He wanted to make the platform fortress of free speech, taking the guardrails off of content moderation.

Recently, concerns are doing rounds about whether Musk would be able to pull off his acquisition of the micro-blogging site and he may consider dropping his bidding price on Twitter. However on the other hand, aside from doubts over the extent of spambots on Twitter’s platform, the world’s richest person is still working to secure the money to complete the deal. As per sources, the CEO is in talks with investors to raise enough equity and preferred financing to eliminate the need for any margin loan linked to his Tesla shares.

Visit the VP Watchlist to learn more about Tesla (TSLA)Apple (AAPL), and other companies highlighted in our targeted list.  

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.

(Read Original Story: Musk Declares $44 Billion Twitter Takeover ‘On Hold’ in Bloomberg)


Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us