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Ilan Musk says three issues need to be addressed before buying Twitter

BingMag.com <b>Ilan</b> <b>Musk</b> <b>says</b> <b>three</b> <b>issues</b> <b>need</b> to be <b>addressed</b> <b>before</b> <b>buying</b> Twitter

Ilan Musk, who has not yet thought about buying Twitter these days, has stated that if this process is to proceed, three major problems must first be addressed./p>

As you know, Ilan Mask is looking to buy Twitter for $ 44 billion. But this process has been suspended due to a series of problems. Time and time again we see news about solving problems and obstacles, but in the end we see that one side still resists and does not let this process go well.

Previously Twitter and its board They were dissatisfied with the arrival of Ilan Mask; Then they resisted the full sale of this social network to Mask, and now we see that they are satisfied, but Mask refuses to buy Twitter. Of course, Mask intends to buy Twitter seriously because, as he puts it, he wants to stop censorship and give people freedom of expression. But Twitter apparently has a number of issues that have made the world's richest man hesitant to buy it. Take care of them. Otherwise, this contract will not work. These problems are:

1. Fake accounts

Ilan Mask has publicly expressed concern about the existence of fake accounts and bots on Twitter. Twitter says that Mask can be very privately aware of the number of messages exchanged between users to find out the exact number of users of this social network, but we do not know why Mask does not accept this. On the other hand, Twitter has announced that less than 5% of its users include fake bots and user accounts, and the rest are real. However, Musk says he needs an accurate, clear and comprehensive answer in this regard.

2. Ilan Mask's debts that must be paid before buying Twitter

The second problem that Mask himself says there is in the way of buying this social network is the debts that must be paid. Musk announced in May that it would pay $ 33.5 billion in cash to Twitter ($ 6.25 billion in Tesla stock collateral and $ 27.25 billion in Tesla stock sales), but the rest was in the form of bank loans. It is unknown at this time what he will do after leaving the post. Although Musk has a lot of wealth, a large part of his wealth depends on Tesla shares.

Shareholder Approval

Ilan Mask's last hurdle in buying Twitter is the approval of Twitter shareholders. Investors will have to vote on the deal in late July or early August to see if they will finally agree to the purchase. Now, whether Mask can get the majority of shareholders to buy Twitter or not is a matter to be seen. Just for information, some time ago a series of Twitter shareholders complained about Mask and the company itself due to the chaos surrounding the purchase process of this social network. So no one on Twitter seems to be happy with Ilan Mask.


Source: CNBC

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