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Elon Musk says Twitter (TWTR) deal at lower price is 'not out of the question'

In a recent appearance, Elon Musk stated that a renegotiated Twitter (TWTR) deal is still possible.

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It’s been fascinating to say the least to monitor the latest developments in the saga between Elon Musk and Twitter (TWTR). Following the news that the multi-billionaire Tesla CEO would be acquiring the social media company, he sought to raise funds in order to help finance the deal. Then, he stated that the deal was on hold as he awaited more information on Twitter’s bot accounts and spam. Now, Elon Musk has stated that a renegotiated Twitter (TWTR) deal at a lower price isn’t out of the question.

Elon Musk recently appeared at a conference in Miami run by the creators of the All-In podcast, as reported by Bloomberg. It was here that the topic of the pending Twitter (TWTR) acquisition came up, a recurring theme in his recent public appearances. It was during this talk that he stated that a Twitter deal at a lower price is “not out of the question.” It was just days ago that Musk stated he was seeking more information about the amount of bots and spam accounts on Twitter, thus putting the deal on hold.

twitter elon musk bots

Earlier today, Twitter CEO Parag Agrawal shared a thread that reported on the company’s internal investigation on spam and bots. He said that the company came to the conclusion that over the past four quarters, bots make up for roughly 5 percent of the accounts on Twitter. However, he said that some of the information used to determine this must remain private. Elon Musk replied with the poop emoji to express his disapproval. Musk poured more doubt on the metric during his appearance at the Miami tech conference, saying that he estimates bots take up roughly 20 percent of Twitter users.

With uncertainty surrounding Twitter’s bot and spam numbers, the pending Musk acquisition continues to be in question. With him not ruling out a renegotiated deal at a lower price, we’re likely far from seeing the end of this back and forth. As always, expect timely updates on Shacknews’ respective topic pages for Twitter and Elon Musk.

News Editor

Donovan is a young journalist from Maryland, who likes to game. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge Star Wars nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_

From The Chatty
  • reply
    May 16, 2022 2:10 PM

    Donovan Erskine posted a new article, Elon Musk says Twitter (TWTR) deal at lower price is 'not out of the question'

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      May 16, 2022 2:14 PM

      "now that I've reneged on my last deal let's make a new one"

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      May 16, 2022 2:24 PM

      I hope twitter have a case to sue the tits off Elon for breach of contact.

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        May 16, 2022 3:23 PM

        But was there a contract? Or was it all just a gentlemen's agreement?

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          May 16, 2022 3:27 PM

          he waived his due diligence (ie looking into the company's finances) and signed the merger agreement. he's now at the part of finding financing to close the deal. the only way for him to break the deal without facing a lawsuit or the breakup fee is for him to not be able to pay for it, which is gonna be difficult for the richest man in the world.

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            May 16, 2022 5:36 PM

            Is he feeked?

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              May 16, 2022 6:00 PM

              He’s clearly shown that nothing matters, including laws and contracts, because he’s rich

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                May 16, 2022 6:05 PM

                And it's true, all of it. He can do whatever the fuck he wants, whenever the fuck he wants, and feel absolutely no real consequences. I won't be surprised when he literally buys the US government and takes it private in a few years. Gonna be a hell of a ride

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            May 17, 2022 1:43 AM

            Holy mountain-sized wall of text...(!!!!) Can someone sneak some bullshit somewhere so someone has to read that whole thing like a mega-focused maniac? Clearly there is some advanced Crtl+F'ing to help speed this process along? I obviously have no knowledge of taking over multi-billion dollar companies.

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          May 16, 2022 4:03 PM

          His NDA violation as well

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          May 16, 2022 4:26 PM

          I think he's on the hook for $1B if he backs out

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        May 16, 2022 3:33 PM

        matt levine suggested that they ban him from the platform:
        Me: Because we run Twitter. And if you walk, we are going to kick you off Twitter permanently. This will make it harder for you to connect with your fans and sell Teslas and keep up your company’s stock price; losing access to Twitter will cost you considerably more than the $46 billion you agreed to pay for it. Also though it will take away the main source of joy in your life. Without tweeting memes and trolling people, what will you have left? Sure, two hundred billion dollars, but what good does that do you if you can’t tweet?

        https://www.bloomberg.com/opinion/articles/2022-05-16/the-trump-spac-is-in-business

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          May 16, 2022 3:59 PM

          [deleted]

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          May 16, 2022 4:27 PM

          that last line is fucking hilarious

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          May 17, 2022 4:38 AM

          he can always join Trumpth Social

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            May 17, 2022 8:13 AM

            He should just buy truth social or whatever the fuck trump’s on.

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          May 17, 2022 5:41 AM

          I mean if Elon is using Twitter for market manipulation he totally should be banned that's gotta violate the TOS, right?

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          May 17, 2022 6:34 AM

          He’ll just start his own Twitter. It’ll be better, too! With cocaine and hookers…

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      May 16, 2022 3:37 PM

      Awful twat, hero of awful twats.

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      May 16, 2022 4:16 PM

      Phony Stark

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      May 16, 2022 9:17 PM

      man, can this guy just quit already. I'm currently in the market for a new car. deciding between a model 3 and a Kia EV6. the association with Musk is such a negative that even with the better tech in the tesla, its so hard to stomach.

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        May 16, 2022 9:22 PM

        As a model 3 owner I agree with you. But it is a fantastic car.

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        May 16, 2022 9:34 PM

        Honestly I think it could affect his car sales. Tree hugging earth saving liberals want to buy EVs. But Elon is a toxic shithead that also wants to let Trump back on Twitter. His actions may affect buying decisions.

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        May 16, 2022 9:58 PM

        Yeah, I agree. Our next car will likely be an EV. But I will never own a Tesla.

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        May 16, 2022 10:45 PM

        Next Tesla will roll coal as an optional feature.

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          May 17, 2022 7:41 AM

          Hearty lol

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          May 17, 2022 7:45 AM

          "While I acknowledge that rolling coal is somewhat harmful, the fact that Tesla only accommodates consumers who believe in climate change and not those who feel it's a hoax is a bias on our part. So starting in 6-12 weeks, all Model 3 and S vehicles will include an optional coal exhaust and a subscription to monthly coal briquettes. Only by serving all sides of the political debate can we truly remain relevant and neutral."

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        May 16, 2022 11:44 PM

        I am an early adopter of Tesla electric vehicles, and I am strongly considering never purchasing another one of their products. Competition is coming. It is a shame, because I really like my Model X. It's an even bigger shame because I pre-purchased Roadster 2.0 in 2017...

        I am sure people who work for Tesla also hate how he is behaving.

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          May 17, 2022 7:46 AM

          Yup, it makes me ashamed to own my car. I suspect he’s a Machiavellian-type character trying to get conservatives in his side to adopt his agenda. The problem with that mentality is it assumes future outcomes, which is supremely arrogant.

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          May 17, 2022 7:51 AM

          Dude sure knows how to squander goodwill

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          May 17, 2022 8:09 AM

          While I've been waiting for it to be possible to purchase a Plaid Model X the Electric Volvo XC40 has come out and as a 3k miles/yr driver I feel like if I just sit around and wait 2 more years I can swap my 5yr old ICE Volvo for a really competive nice 2024 Volvo XC40 w LIDAR good enough for me highway self driving.

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        May 16, 2022 11:51 PM

        I had saved up for a model 3 when I get back to the US and ended up scraping my plans because of Musk's bullshit over the last few years. Now that money is going into a Hyundai. Was torn between the EV6 and Ioniq5; if my preorder on the Ioniq5 falls through for whatever reason, I'll get the EV6. Really love the platform and the differences been the two seem to be fairly superficial (happy vs glad), so we'll be great with either of them

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        May 17, 2022 4:03 AM

        Musk also said he's voting republican

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        May 17, 2022 5:34 AM

        Yup, the guy seems nuts, but I gotta admit, he does make a swell car.

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        May 17, 2022 5:51 AM

        Yeah in the same boat., trying decide between a Model X and Dragon Crew.

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        May 17, 2022 6:18 AM

        I doubt it. Next thing you know he will be running for president.

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        May 17, 2022 6:54 AM

        I miss the days where the leaders/visionaries were only truly known to the people around them. Henry Ford could have some super shitty opinions and no one would ever hear about it.

        But now those people have such immediate reach that their disconnection from reality is apparent extremely easier.

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          May 17, 2022 6:59 AM

          I mean, Ford was no model citizen,

          > All his life, Ford was a conspiracy theorist, as he and his writers drew on a long European tradition of false allegations against Jews

          And the crazy story of his made up town https://en.wikipedia.org/wiki/Fordl%C3%A2ndia

          But I guess my point is that the public in general wouldn't hear (or have to deal) with it. Ford wasn't spending his days screaming to an audience of millions about whatever conspiracy theory or dumb idea he was behind. He wasn't starting a brigade of warriors. He had limited influence with the general public.

          Not so with the Musks of today where every meme shitpost is taken as dictum by some idiots.

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            May 17, 2022 7:02 AM

            They did have to deal with it, though. He used his influence and money to push those ideas, even if it was people like Hearst who tried shaping public opinion with their media empire.

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          May 17, 2022 7:02 AM

          ignorance is bliss, but I prefer we know who are we dealing with

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        May 17, 2022 7:09 AM

        I started looking at the VW ID.4 after some talk of it here and it looks like a great and cheaper alternative to the Model Y.

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      May 16, 2022 10:14 PM

      mr put me in the news in any way possible

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