Elon Musk, Thursday, October 10, 2019, during an event at SpaceX headquarters in Hawthorne, Calif., USA.
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Musk is negotiating with Twitter founder and former CEO Jack Dorsey and others to help raise funds and roll over shares to complete the transaction.so Letter to investors In support of the holding company that Musk has set up to keep Twitter private, Tesla The CEO of SpaceX has expressed its commitment to complete the transaction.
Twitter’s share rose by more than 5% after news hours, while Tesla’s share fell by about 1%.
This deal has been controversial since Mask First proposed in AprilAnd stocks are trading below the acquisition price of $ 54.20, suggesting that investors are relatively unreliable to trade at that price.
At the beginning of May, musk twitter The stock fell when he said he intends to “hold” $ 44 billion worth of transactions while he is investigating the percentage of fake and spam accounts on the platform. At the All-In-Summit technical conference in Miami, Musk suggested that Twitter transactions should be done at a low price, given concerns about fraudulent activity and accounts on the platform.
among them First quarter financial report, Twitter has acknowledged that there are numerous “fake or spam accounts” on social networks in addition to legitimate monetizable daily active use or users (mDAU). “We conducted an internal review of account samples and estimated that the average number of fake or spam accounts in the first quarter of 2022 was less than 5% of mDAU during the quarter,” the company said in a filing. I am writing. twitter He also admits that he has overestimated 1.4 to 1.9 million users over the last three years.
Early Wednesday. Twitter shareholders voted not to be reelected Silver Lake Co-CEO Egon Durban To the board of directors of the company. Durban is a longtime business associate and sponsor of Mask’s company and past commercial transactions through Silver Lake.