Elon Musk may cut price on Twitter bid

Elon Musk, who is preparing to buy Twitter, which is considered to be the most active social network, for $ 54.20 per share, has started to cause problems. The famous name, who is not fully understood what he is doing, hits Twitter through bot accounts.

Bugs in the Twitter deal

Elon Musk wanted Twitter to have a bot account ratio of at most 5 percent, as this figure was stated in the report submitted to the Securities Commission. However, with a calculation he made, Elon Musk found the bot account rate to be around 20 percent. Afterwards, a warning came from the Twitter legal team on the grounds that it violated confidentiality.

Twitter’ The fact that ‘s still did not inform the famous name how he calculated the 5 percent bot/fake account ratio got on the nerves. Elon Musk has stated that he will not sign the agreement unless he receives a clear answer. He even signaled that if the rate rises above the official figures, he might lower his offer of $54.20. Thereupon, the Twitter CEO made a post on how the calculation was made.

Of course, the problems experienced hit the investor. Twitter shares, which went over $50 with the news of the offer, have been pulled back to the $38 band. Just like in the Doge manipulation, Elon Musk first threw his value and now he is trying to lower it. Twitter stocks could collapse if the deal is cancelled.