Elon Musk: Twitter deal 'temporarily on hold'
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Tesla
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Quinnipiac University
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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