“Forty-four billion continues to be a headache for a company that I think is probably worth more than $30 billion or $35 billion,” Wedbush analyst Dan Ives said in an interview with the network. American television CNBC.
“But when you’re the richest person in the world, you can do it. And that’s why Twitter investors, when they saw the $44 billion, they were popping champagne or drinking their favorite liquor. However, the deal may still fail. As continued stock market volatility wipes out millions of tech companies’ market caps, Musk said he’s holding off on the deal until he better understands how many fake accounts exist on Twitter.
Analysts believe Musk could use this debate to lower his proposed $54 per share buyout price. On Friday, Musk finds himself embroiled in a scandal he took to Twitter to respond to a Business Insider report that SpaceX paid $250,000 severance pay to a flight attendant over a sexual harassment complaint filed against him.
Twitter declined to comment on the allegations and reiterated comments from early last week that the company’s board remains committed to the original deal with Musk.
The situation is becoming increasingly complicated at Twitter since the announcement of Elon Musk’s proposal to buy the company, the social media giant has lost a large value of its shares since the owner of SpaceX and Tesla decided to suspend negotiations.
An atmosphere of complete fear reigns in the premises of Twitter, and no one can predict what will happen in the next episodes of this drama, the employers are at their wits’ end and hope that a solution will come to restore the prosperity that Twitter lived.