Tesla CEO Elon Musk has hinted that he may seek to renegotiate the… The price of his acquisition of Twittersaying that executing the deal at a lower price “would not be out of the question.”
Twitter shares fell 8.2% at the close of trading yesterday in New York.
The declines come amid speculation that Musk may dismiss the $44 billion acquisition.
That concern intensified last week, as Musk questioned Twitter’s publicly disclosed data about the proportion of fake and spam accounts on its social media service.
Musk pressed more on that point Monday at a tech conference in Miami, estimating that fake users make up at least 20% of all Twitter accounts.
“What I’ve been told right now is that there’s no way to know how many robots there are,” Musk said at the conference.
This comes as Twitter reports every three months that spam accounts make up less than 5% of total users.
The 50-year-old American billionaire began buying Twitter shares in January, and revealed a 9.2% stake in the company on April 4.