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Experts: Musk's relationship with China may affect his attempt to buy Twitter

 




On Tuesday, US billionaire Elon Musk indicated that the deal to buy Twitter will not be completed until the company's CEO provides evidence that the number of fake accounts on the social network is less than 5%.


Musk wrote in his Twitter account for social media: "Yesterday, Twitter's CEO publicly refused to provide proof (that the number of fake accounts on the social network) 


  • is less than 5%. This deal cannot move from the point of impasse until it does so ".
  • The American businessman said he believed that there were currently more than 20% of fake accounts on this social network.
  • Early this week, Musk did not rule out the possibility of buying Twitter at a lower price than mentioned, and earlier Twitter management said Musk would buy the company that owns the social media network, for $44 billion.


Elon Musk announces temporary suspension of Twitter purchase


On Friday, US billionaire Elon Musk announced that his planned $44 billion purchase of Twitter is "temporarily pending" pending details about fake accounts on the social media platform.


  1. The founder of Tesla wrote in a tweet
  2. Twitter deal is temporarily pending pending details supporting the calculation that fake/fake accounts already represent less than 5% of users
  3. "noting that he is skeptical that the number of non-original accounts is too low.


Musk's tweet comes a day after the social media company fired two of its top managers.


Twitter said the company had temporarily halted most recruitment, except for important roles, and was "declining with respect to non-employment costs to ensure our responsibility and efficiency."


Twitter's share price fell in trading before the market opened.



Media: Musk will sell some shares of his company SpaceX so he can buy Twitter


The New York Post reported citing sources that American entrepreneur Elon Musk is likely to plan to sell some shares of his company SpaceX in order to finance a potential deal to buy Twitter.


  • According to the New York Post, Musk plans to raise $44 billion to pay for the Twitter purchase, and a possible option could be to sell a portion of his company's shares.
  • According to the source, the company plans to sell at $70 per share.
  • On Monday, Musk did not rule out the possibility of buying Twitter for less than the $44 billion previously announced.


On April 25, Twitter management announced that Musk would acquire the company for $44 billion. According to the U.S. Securities and Exchange Commission, if the billionaire decides to terminate the agreement, he has to pay the company "Twitter" a $1 billion fine, and if Twitter begins to terminate, Musk will receive compensation. The deal is due to close on October 24.




If the Biden government continues to print dollars, we will follow Venezuela's path.



US billionaire Elon Musk has criticised his president, Joe Biden, warning that if the government continues to print money, inflation will worsen and the US could follow Venezuela's path.


  • The founder of Tesla, who said he voted "overwhelmingly for Democrats", criticized the Democratic Party and Biden in particular.
  • Musk felt that "this administration does not seem to have done much... While former President Donald Trump's administration
  • if it left Trump aside, there were a lot of people in the administration who were effective in getting things done, "he said
  •  noting that" the Democratic Party is overly controlled by trade unions and lawyers. "


"When Democrats oppose people's interests, it is usually associated with calls from lawyers and trade unions, whereas when Republicans do, it is because of corporate evil and religious intolerance," he added, noting that "in the case of Biden, he is far from controlled by unions, and that was not the case with (former President Barack) Obama."


On inflation, Musk said: "If only the government could issue large sums of money and the deficit was not significant


then why not make the deficit 100 times larger?


 The answer is, you can't because it will essentially turn the dollar into something worthless, "recalling that" different countries have tried this experience a few times. "


He asked: "Have you seen Venezuela? As you know, Venezuela's poor have been harshly attacked by their government. So obviously you can't simply make money. "