Will it all go up in smoke?: 3 reasons why Musk might not buy Twitter

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samiaseo75
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Will it all go up in smoke?: 3 reasons why Musk might not buy Twitter

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One of the news stories that has revolutionized social media this April has been Elon Musk 's purchase of Twitter . What was initially a distant rumor ended up becoming more and more real. But it should be noted that the company will not be transferred to him until the end of the year, which is when the purchase is finalized, so anything could happen between now and then.

Journalists Lauren Silva Laughlin and Gina netherlands phone number data Chon have pointed out in Reuters some of those points that could lead to this not happening.

One of the first to be highlighted is that four years ago, Musk promised to create a peanut candy company to take on Warren Buffett's iconic American confectionery, See's Candies.

" He then changed his mind . It would not be surprising if Musk's $44 billion deal to buy social network Twitter followed the same path," they say.

Tesla
“ There are good reasons for him to chicken out. The biggest is Tesla ,” they say, referring to the fact that the electric vehicle maker’s shares have fallen by around a fifth since Musk first revealed his stake on Twitter. This fall is partly because he might sell shares in order to finance his new venture.

China
According to them, “ China is also a major point of friction .” “ Tesla produces half of its vehicles there, as well as a quarter of its revenues . But Twitter is no friend of the People’s Republic, notably recently for challenging Beijing in its management of content related to the Hong Kong protests,” they specify.

They go on to point out that China could easily ask Tesla for a bailout if Musk-owned Twitter did not comply. “That is awkward for a self-proclaimed ‘free speech absolutist.’
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