Elon Musk’s announcement about his bid to buy Twitter being temporarily on hold has indeed stirred up quite a bit of speculation. Musk tweeted that the hold is pending details supporting the calculation that spam or fake accounts represent less than 5% of Twitter’s users. Despite this, he has reiterated his commitment to the acquisition.
This development has led to concerns that the deal might fall through, but Musk’s insistence on moving forward suggests he is still very much interested in completing the purchase. The situation remains fluid, and it will be interesting to see how it unfolds.
Elon Musk’s acquisition of Twitter has indeed been a rollercoaster ride! Here’s a brief timeline of key events leading up to the completion of the $44 billion deal:
- April 2022: Musk makes an initial offer to buy Twitter.
- May 2022: The deal is temporarily put on hold pending details about spam and fake accounts.
- June 2022: Musk threatens to withdraw his offer, citing concerns over the number of fake accounts.
- July 2022: Twitter files a lawsuit to force Musk to complete the acquisition.
- October 2022: Musk revives his offer to buy Twitter at the original price.
- November 2022: The acquisition is finalized, and Musk officially takes control of Twitter.
- Post-acquisition: Musk implements several changes, including staff layoffs, policy shifts, and new verification processes.