So, What's Leon Musk Up to Now?

 "Elon Musk said Friday that his $44 billion deal to buy social media site Twitter is delayed. The SpaceX and Tesla CEO made the announcement on the platform, tweeting: 'Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.'" - LinkedIn News, May 13, 2022.

Wow.

No surprise, the stock has taken a nosedive. Right now, at 10:30 AM ET it's down 9.87%, at 40.64. Its 52-week high had been 73.34.

Of course, there will be all kinds of speculation about this move. Yes, Musk says he's committed to the deal. But one wonders if the reversal of fortune in the overall US tech industry has soured him on the profit potential of this social network.

Connect with Editor-in-Chief Jane Genova at janegenova374@gmail.com.

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