Elon Musk: Are there real concerns behind the American billionaire’s announcement that his Twitter acquisition is “suspended”?

May 13, 2022

picture released, Getty Images

Elon Musk, the world’s richest man, said he would temporarily suspend his proposed acquisition of Twitter.

And Musk published a tweet in which he said that he was still waiting for details that fake accounts on the platform constitute no more than five percent.

Musk later said he “remains committed to the acquisition,” but his comments raised suspicion on Wall Street, sending Twitter’s stock price down.

Twitter shares fell by 10 percent in morning trading in New York. The share price had fallen from $54.4 even before Musk’s comments, indicating that the markets are not convinced he will complete the buying process.