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Elon Musk: Twitter deal 'temporarily on hold'


Tesla
Musk
Twitter
the U.S. Securities and Exchange Commission
SEC
Quinnipiac University
now.”Stock
Forbes
Twitter’s
the University of Southern California
userbase.”Tesla
University of Maryland
Wedbush
Ives
Twitter
AP Business


Elon Musk
Sara Silver
Emilio Ferrara
Dan Ives
Parag Agrawal
Michelle Chapman
Matt O'Brien

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Tesla
New York
London
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The New York Times
SOURCE: https://abcnews.go.com/Business/wireStory/elon-musk-twitter-deal-temporarily-hold-84690910
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Summary

It's not just entering his consciousness now.”Stock in both Twitter and Tesla swung sharply in opposite directions Friday, with Twitter stock falling 9.7% and shares of Tesla, which Musk has proposed using to help fund the Twitter deal, rising 5.7%.But shares of Tesla, which Musk has been selling to fund some of the acquisition of Twitter, have tumbled since it was revealed the social platform had become a Musk target.Tesla shares have lost a quarter of their value in the last month, and have fallen from about $1,150 in early April when Musk confirmed he had taken a huge stake in Twitter, to $769.59 Friday.“It’s become much more expensive for him to buy this company using his Tesla shares,” Silver said.Musk’s net worth, estimated by Forbes earlier this week at $240 billion, was $232 billion as of Friday.Academic researchers in 2017 attempted a census of all of Twitter’s active English-language accounts and estimated that up to 15% were bots of some kind.

As said here by KELVIN CHAN and TOM KRISHER AP Business Writers