(TWTR) Musk Twitter Takeover Bid On Hold - What’s It Going To Be Elon Musk?
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Summary:
- Twitter takeover bid temporarily on hold, again
The future of Twitter lies in the hands of Musk's next move
Twitter share price fell almost 5.7% on Monday. This price fall comes after the Tesla CEO tweeted that he had violated the social media platforms non-disclosure agreement, which could lead to further delays in the takeover bid.
On Saturday Musk tweeted that twitter's legal team called him to tell him he had violated their non-disclosure agreement by revealing the method of how the social media platform calculated the number of spam accounts on the platform.
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Musk claims he is “still committed to acquisition” of twitter, however, his ongoing criticism of the platform may suggest he might try to negotiate the acquisition for a lower price. The future of twitter's share price currently lies in the hands of Elon Musk's next move, if he chooses to pull out, twitter could lose up to 50% of their equity.
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