Shares of Twitter responded to Musk’s first announcement by falling by about 20 percent before easing the loss. Shortly after the start of trading on the New York Stock Exchange, they lost about eleven percent and their price was close to $ 40. It was about $ 14 below Musk’s bid.
“The Twitter agreement has been temporarily suspended until details are available to support the calculation that spam / fake accounts actually account for less than five percent of users,” said Musk, who is the richest person in the world. Twitter alone estimated the number of fake and spam accounts at the beginning of May at less than five percent.
