Musk Could Possibly Renegotiate Twitter Deal Based on Spam Numbers – Daily Access News
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Musk Could Possibly Renegotiate Twitter Deal Based on Spam Numbers

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On April 25, Elon Musk and Twitter announced that they had come to a deal for the world’s richest man to buy the social media platform and take it private. The deal would take months to complete, and many hailed the idea that Musk might rid the platform of believed censorship.

Nearly one month later, Twitter shares are at their lowest price since the announcement of the deal, $46.75. On April 1, Twitter shares were $39.31. Musk was set to purchase the company at a price of $54.20 per stock. With the price dropping, implied probability cast doubt that Musk will buy the stock at the agreed-upon price. Some investors, including Hindenburg Research, are saying that Musk could try to negotiate a lower deal based on the decreased stock price.

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