According to reports, Tesla CEO Elon Musk put the $44 billion Twitter deal on hold pending an investigation on the amount of bot accounts on the social media platform.
Following Musk's announcement of halting the sale, stocks plummeted over 15 percent in pre-market.
Although the sale is now pending, Musk tweeted that he is “still committed to the acquisition.”
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” he wrote.
Stocks dropped in premarket from $45.08 per share to $38.76 as of 7:30 EDT.
Hindenburg reports, “Musk holds all the cards here. If Elon Musk’s bid for Twitter disappeared tomorrow, Twitter’s equity would fall by 50% from current levels. Consequently, we see a significant risk that the deal gets repriced lower.”
Trending Political News
Yellen Predicts ‘We’re Likely to See Another Year’ of ‘Very Uncomfortably High’ Inflation
On Thursday, Treasury Secretary Janet Yellen appeared on CNBC's "Closing Bell" and predicted that “We’re likely to see another year in which 12-month inflation numbers remain very uncomfortably high.”
She added that there is still a large amount of uncertainty surrounding the conflict between Russia and Ukraine. However, Yellen expressed confidence in the Federal Reserve “to make a meaningful difference going forward.”
Proposed Maryland Bill Would Allow Babies to be Killed 28 days After Birth
What a disgusting, evil world we live in.
A new bill proposed in the Maryland Senate would allow newborn babies to be killed up to 28 days after birth. That's right, they would be allowed to die a whole month after being born!
Lifesite News reports: Senate Bill 669 is also known as the Pregnant Person’s Freedom Act of 2022...
Mayor Buttplug's Husband Had Kids Pledge Allegiance to the Rainbow Flag
Former South Bend, Indiana Mayor Pete Buttigieg is back from his "paternity leave" to wreak more havoc as the Biden Administration's secretary of transportation.
His husband, Chasten, is now making headlines for having young children pledge their allegiance to a rainbow flag....That's right..not the American flag, but a rainbow one.
WATCH: Cackle Queen Laughs Manically While Talking About Ukrainian Refugees
Vice President Kamala Harris burst into laughter on Thursday during a press conference with the president of Poland regarding Ukrainian refugees.
When a question was asked by reporters, Harris appeared confused as to who was supposed to answer the question, even though it was directed at her.
One reporter asked her a question about Ukrainian refugees and added a follow-up question to Polish President Andrzej Duda, to which Harris was…
WATCH: Off-Duty Officer Kneels on 12-Year-Old Girl's Neck During School Fight
A school fight video has gone viral, but not for the fight itself.
After two girls at Lincoln Middle School in Kenosha got into a cafeteria fight, an off-duty police officer who was moonlighting as a security guard at the school pulled them apart and fell to the ground, hitting his head in the process.
LOL - Psaki Briefs TikTok Influencers: 'Russians Hacked 2016 Election'
Every single day that passes, the Biden Administration proves just how much of a joke they are.
This week, White House press secretary Jen Psaki met with TikTok influencers to brief them on the dangers of Russian "disinformation." Yet, she told them straight up lies, and spread disinformation herself.
“When I heard this briefing was happening, I basically crashed and invited myself,” Psaki began, and then…
Based Maher Asks ‘Why Didn’t Putin Invade When Trump Was in Office?’
As of lately, it appears that HBO's "Real Time" host Bill Maher has been micro-dosing himself with the red pill.
On Friday, he laid into people attempting to blame the Russian invasion of Ukraine on former President Donald Trump. He asked, "If Putin thought Trump was really that supportive of him, why didn’t he invade when Trump was in office?”
WATCH - FNC Reporter Humiliates Psaki for 'Blaming Putin for Everything'
Right now, the Biden Administration is doing all they can to deflect blame away from themselves and onto Russian President Vladimir Putin when it comes to inflation and high gas prices.
However, that simply is not the case. Prices were on the rise before Putin ever invaded Ukraine.
Fox News White House correspondent Peter Doocy put White House press secretary Jen Psaki in her place after calling her out for blaming Putin for everything.
Brandon Rages: ‘I’m Sick’ of Americans Blaming Me for Inflation, Instead of Putin
On Friday, President Joe Biden went full Brandon....you never go full Brandon.
He raged that he was "sick" of Americans blaming him for inflation instead of blaming Russian President Vladimir Putin or the pandemic.