Abstract

On April 25, news broke that Elon Musk and Twitter had reached a deal wherein Musk would buy Twitter for $44 billion. When and whether the deal will actually be finalized is up in the air, however. Musk's recent tweet that the Twitter deal is on hold, combined with his call for the U.S. Security and Exchange Commission (SEC) to investigate the amount of spam and bot accounts on Twitter, has contributed to uncertainty among investors about the future of the deal. Twitter stock has dropped, and the departure of high-level staff at Twitter has also signaled that the future of Musk's Twitter acquisition is murky.

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