Tesla CEO Elon Musk has reportedly placed his $44 billion deal to acquire Twitter on hold pending an investigation into bot accounts on the platform. The stock has plummeted more than 15 percent in pre-market following Musk’s announcement released on his Twitter account.
Tesla and SpaceX CEO Elon Musk has tweeted that his deal to purchase Twitter is currently “on hold” while an investigation into the number of bots and spam accounts on Twitter is completed. Twitter claimed in a recent filing that less than five percent of its daily active users were fake or spam accounts, now Musk appears to want to confirm this claim, which is lower than most estimates.
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk said in a tweet.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Twitter shares immediately began to crater in premarket trading, falling by over 15 percent from $45.08 per share at previous close to $38.76 as of 7:30 EDT.
Breitbart News recently reported that the SEC has launched an investigation into Elon Musk’s late disclosure of his large stake in Twitter last month, a delay that allowed him to purchase more stock without alerting other Twitter shareholders to his ownership.
The SEC is reportedly probing Musk’s late submission of a public form that investors must file when they purchase more than five percent of a company’s shares. The disclosure acts as an early sign to shareholders and companies that a large investor could aim to control or exert influence over a company.
Investors who cross the threshold are required to file a form with the SEC revealing their stake within ten days. Musk’s holdings moved past the five percent threshold on March 14, which means that he should have disclosed his stake by March 24.
After March 24, Musk purchased around $513 million of stock at prices between $38.20 and $40.31 per share, making him Twitter’s largest individual shareholder with a 9.2 percent stake in the company. As Twitter’s closing price was $49.97 on April 5, the day Musk disclosed his stake, he could have saved more than $143 million.
Breitbart News also reported earlier this month that Elon Musk’s purchase of Twitter could cost him less than the $44 billion he has offered, according to the investment firm Hindenburg Research. The firm specialized in activist short-selling and says that Musk currently has enough leverage to threaten to walk away from the deal and convince Twitter’s board to agree to a lower purchase price.
In a report, Hindenburg which has a short position on Twitter, said: “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.”
Read more at Breitbart News here.
Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan or contact via secure email at the address email@example.com
Biden Press Sec Reveals She’s ‘A Black, Gay, Immigrant Woman’ To People Who Already Knew
New White House Press Secretary Karine Jean-Pierre announced during a press briefing on Monday that she is a “black, gay, immigrant woman, the first of all three of those to hold this position.”
Karine-Pierre’s background was reported on extensively prior to her official succession to the position. Most Americans, and entire audience of reporters in the briefing room, were already aware of her racial and sexual status.
“I just want to say a few words about how honored I am to be here with you today, uh, in this role, in this room, standing behind this podium, ” Jean-Pierre said.
The new press secretary then revealed that she was “obviously acute aware” of her racial and sexual status “representing a few firsts.”
“I am a black, gay, immigrant woman, the first of all three of those to hold this position,” Jean-Pierre then announced to the already-informed audience.
New WH Press Sec. Karine Jean-Pierre: “I am a black, gay, immigrant woman, the first of all three of those to hold this position.” pic.twitter.com/WfLrRuo3sb
— The Post Millennial (@TPostMillennial) May 16, 2022
“Representation does matter. You hear us, you hear us say this, uh, often in this administration,” Jean-Pierre continued. “And no one understands this better than President Biden. Which is why his administration is not only the most diverse in history, it is filled with barrier-breaking women and men from the Vice President to his cabinet secretaries, to the Supreme Court nominee, to senior staff throughout this administration.”
Fox News host Tucker Carlson stated last week that Jean-Pierre is “perfect for the job” because “She’s in the right group” and to the Biden administration,”the group is all that matters.”
“Karine Jean-Pierre is our first out LGBTQ+ White House Press Secretary and that’s all you need to know,” Carlson said. “It’s a good thing, shut up and celebrate.”
“That’s why she got the job,” Carlson continued. “She’s in the right group and so the Biden administration, which thinks exclusively in terms of groups and never in terms of individuals because individuals are messy and inconvenient, the group is all that matters.”
“This is exactly how they pick Supreme Court justices or vice presidents or members of the Federal Reserve Board,” the popular cable news host noted. “And now, the all-important press secretary gig has gone to someone on the basis of group. It’s really simple, show us your picture and we’ll tell you if you’re qualified for the job. And in many ways, Karine Jean-Pierre is perfect for the job.”
POLL: Two Thirds of Americans Want Voters and Legislators to Decide Abortion Policy
Around two thirds of all Americans want abortion policy to decided by the voters and their representatives, a new poll has revealed.
The poll of 1,200 registered voters conducted by Rasmussen and RMG Research released was released last week, and asked whether policies on abortion should be decided by judges and courts, or voters and their elected representatives. 65% of the respondents declared that it should be decided democratically and implemented via legislation.
Only 18% of respondents, just under a fifth of Americans, believed that it should be left to judges and courts to decide. The poll was conducted between May 5 and 7, only a few days after the leaked Supreme Court draft opinion that would overturn Roe v. Wade, when protests outside the homes of high court judges captured national headlines.
With an overturning of the Roe decision sending abortion policy back to the states, the poll would suggest that a clear majority of voters would back the Supreme Court in doing so.
75% of respondents said that they were closely following the news on the case, a net 52% increase since January.
“The consensus for overturning Roe, and returning this issue to the democratic process, is overwhelming,” former White House advisor Stephen Miller told the Daily Caller.
“By a nearly 4:1 margin Americans think voters and not judges should establish abortion rules in the United States.”
Despite the fact that former White House Press Secretary Jen Psaki and liberal media outlets have claimed that 60% of Americans are in favour of leaving Roe as is, the new poll of voters suggests very different results.
In fact, 63% of voters in the poll said that they would be against any proposal that would legalise abortion up to both, with 45% of those strongly opposing such a policy, compared to only 14% who would be strongly in favour.
55% of Americans said that they would be less likely to vote for a candidate that supported abortion being legal at any point during the pregnancy, with 33% saying otherwise.
“Broadly speaking, most voters support restrictions on abortion after the first trimester,” said Rachel Bovard, the senior director of policy at the Conservative Partnership Institute.
“Democrats are at sea on this issue and are left grasping at straws with outright fear mongering about what will happen if Roe is overturned, and forcing radical abortion policy on voters.”
Pennsylvania Dem Senate Candidate Has Stroke, Will Be Hospitalized Through Election Day
Pennsylvania Democrat Lt. Governor John Fetterman, who is now the favorite to win the Democratic nomination for U.S. Senate in that state, has been hospitalized following a stroke on Friday that stemmed from a blood clot in his heart.
Due to his hospitalization, he is unable to be delivering remarks on Tuesday night after the election in Pennsylvania. His wife Gisele will be speaking in his place instead. Fetterman is the Democratic front runner for U.S. Senate in Pennsylvania, and faces possible Republican challengers including Trump-endorsed Mehmet Oz and Kathy Barnette, who is surging in the days before the election.
My full statement here. 👇 pic.twitter.com/1rRXDMBiu0
— John Fetterman (@JohnFetterman) May 15, 2022
“On Friday, I wasn’t feeling well, so I went to the hospital to get checked out. I didn’t want to go – I didn’t think I had to – but Gisele insisted, and as usual, she was right,” Fetterman wrote in a statement posted to Twitter on Sunday.
“I hadn’t been feeling well, but was so focused on the campaign that I ignored the signs and just kept going. On Friday it finally caught up with me. I had a stroke that was caused by a clot from my heart being in an A-fib rhythm for too long,” he said.
“Fortunately, Gisele spotted the symptoms and got me to the hospital within minutes. The Amazing doctors here were able to quickly and completely remove the clot, reversing my stroke, they got my heart under control as well. It’s a good reminder to listen to your body and be aware of the signs,” Fetterman said.
Fetterman has since said that he is “feeling much better” and is “on the way to a full recovery.”
The Pennsylvania Democrat is “fully vaccinated + boosted” for COVID-19, as is his “entire family” because he believes the vaccinations are “safe, and still the key to getting us out of this new phase of the pandemic.”
My entire family is vaccinated + boosted.
Vaccines + effective treatments are safe, and still the key to getting us out of this new phase of the pandemic.
— John Fetterman (@JohnFetterman) April 22, 2022
Pundits claim Fetterman’s health will likely not impact his electoral chances, and note that Fetterman will have ample time to recover between now and the November midterm election.
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