Elon Musk may be having second thoughts about the deal, says John Colley, Associate Dean at Warwick Business School:
“Maybe the true cost and extent of the risk involved in turning around a ‘break even’ Twitter may have dawned on Elon Musk. After all, $43Bn for what may be little more than a sideline does seem excessive. The collapse in Tesla’s shares following the original offer announcement underlines what the markets think.”Musk’s move will be ‘highly frustrating’ for many at Twitter, says Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown.
He is clearly intent in querying the company’s estimate that spam accounts make up less than 5% of active daily users – a key metric given that establishing an accurate number of real tweeters is considered to be key to future revenue streams via advertising or paid for subscriptions on the site. Twitter’s head of consumer product, Kayvon Beykpour, and head of revenue, Bruce Falck are among the departures.
How about Twitter promote to every Twitter user, a poll on whether we think Musk is a suitable guardian of our town square?