It’s only been a few weeks since Elon Musk practically broke the Internet with the news that he intended to buy Twitter for almost $45 billion—but based on his recent tweets, that game-changing deal may not come to fruition after all. In a simple tweet, Elon Musk announced that his not-yet-finalized deal to buy Twitter has officially been put on hold.
Staying true to his well-known unpredictable nature, Elon Musk had the tech industry in an uproar when he broke the latest news about his potential Twitter buyout. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” he tweeted early Friday morning.
As the news spread across social media, Elon added a follow-up tweet that read “Still committed to acquisition.” It didn’t take long for critics to pounce on the news with speculation that his announcement is the first step in his plan to not buy Twitter at all—which some people believe was his intention all along. Following his confirmation that he is effectively hitting the pause button on the buyout, Twitter stock began to yo-yo for the rest of the day.
Meanwhile, as we previously reported earlier this week, Elon Musk stated in a recent interview that once his Twitter deal is finalized, he plans to reverse the permanent Twitter ban of Donald Trump. Although Trump has made is very clear multiple times that he would not return to the social media platform because he has created his own.
“Permanent bans should be extremely rare and really reserved for accounts that are bots, or scam, spam accounts … I do think it was not correct to ban Donald Trump. I think that was a mistake, because it alienated a large part of the country and did not ultimately result in Donald Trump not having a voice,” he said.
It appears that the world will just have to wait and see what Elon Musk does next and what that means for the future of Twitter.
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