Fake accounts temporarily delay Musk’s Twitter takeover

14 May 2022

Elon Musk has temporarily delayed his purchase of social networking service Twitter, citing concerns over the apparent number of fake and spam accounts on the platform. How far are we into the acquisition process, before Musk decides this is an issue? Some speculate he is looking for a way to back out of the deal completely, while others think something else may be at play:

“Generally speaking, people don’t sign merger agreements so they can walk away from them. They sign merger agreements so they can do deals,” said Donna Hitscherich, a professor at Columbia Business School. Zino said Musk could be using the question over fake accounts as an excuse to cut his offer price of $54.20 a share. “He is giving himself more options and giving himself more leverage,” he said. “It appears like he’s paying more than he needs to pay for this deal.”

Perhaps he could run one of his Twitter polls? Do you operate a fake Twitter account? Yes or no? If five percent of respondents answer in the affirmative, all will be sweet…

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