Tesla CEO Elon Musk thinks a takeover of messaging service Twitter may be possible for a lower price. Musk has made a takeover offer on Twitter of $44 billion (more than 42 billion euros), but on Friday he said that the takeover is “temporarily paused”. He first wants more clarity about the number of spam accounts on Twitter.
Musk stated today at a tech event in Miami that a Twitter takeover is still feasible, but at a lower price. On Wall Street, Twitter shares fell sharply on Friday and Monday due to investor concerns that Musk is abandoning the takeover deal. Incidentally, Musk has previously said that he is still committed to a takeover of the social media platform.
An official Twitter document earlier this month revealed that less than 5 percent of daily users are spam accounts. The number of active users is important to potential profitability because spam accounts do not respond to ads. Musk doesn’t trust it, though. He said in Miami that at least 20 percent of Twitter users are spam accounts.
Musk’s offer is $54.20 (EUR 51.93) per share of Twitter. The share traded on Monday at a price of 37.91 dollars (36.32 euros).
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