BREAKING: Elon Musk Proposes Twitter Buyout At $54.20 Per Share, Trading Halted As Stock Price Soars
View Source | October 4, 2022 1:42 pm
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- Tesla and SpaceX CEO Elon Musk proposed buying Twitter at $54.20 per share, leading regulators to halt trading on the social media company’s stock.
- Twitter has been battling Musk in court over his attempt to cancel a previous offer to buy the social media platform for $44 billion.
- Musk expressed concerns that the actual share of fake accounts on the platform could range as high as 33 percent rather than the company’s reported 5 percent, with a lower number of monetizable daily active users potentially justifying a lower valuation.
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