Elon Musk May not Own the Twitter in $44 billion which he agreed before, Says Investors

Elon Musk May not Own the Twitter in $44 billion which he agreed before, Says Investors

Investors told about the deal Twitter with Elon Musk may fail as Elon Musk may not purchase Twitter for the agreed $44 billion. Twitter shares hit $46.75, Musk is worth $268 billion as per Forbes.

Highlights

  •  Earlier, Elon Musk agreed to acquire Twitter for $44 billion
  • Shares of the platform, Twitter fell by 3% in afternoon trading
  • Elon Musk announced a deal to buy the giant social media platform

Also Read: 'Board salary will be $0 if my bid succeeds,' says Elon Musk on Twitter

The stock market changed the direction of air for the first time on Tuesday in the deal of Elon Musk with Twitter to acquire the Giant Social Media Platform, Twitter for $44 billion.

The deal between Twitter and the billionaire investor Elon Musk may close at that price fell below 50 percent when Twitter shares hit $46.75 (Rs. 3,600), but the deal price was the $54.20 (Rs. 4’180), and the Twitter’s share was closed at $39.31 (Rs. 3,000) on April 1 just before Musk has revealed the stake in the company.

Elon Musk agreed to acquire Twitter, social media platform for $44 billion after revealing its biggest stake in the company. Elon Musk also gets sued by Twitter for not revealing its stake in the company which is unlawful as per the US law statutes.

Twitter’s share falls by 3% and reaches $46.50 (Rs. 3,500) during the afternoon trading.

As per the information from Forbes, Elon Musk is worth $268 billion and he was not primarily concerned with the economics of Twitter.

Elon Musk said in a recent public platform “Having a public platform that is maximally trusted and broadly inclusive is extremely important to the future

Also Read: Elon Musk's Shares are the Highest on Twitter among other shareholders


Last updated:5/11/2022 1:37:49 AM
Sanjay Goenka

Sanjay Goenka

Economics can be broken down into microeconomics, which looks at individual decisions, and macroeconomics, which is concerned with the economy as a whole. Both types of economics utilize historical trends and current conditions to inform business decision-making and make predictions about how markets might behave in the future. Students who choose to study economics not only gain the skills needed to understand complex markets but come away with strong analytical and problem-solving skills.