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Twitter, Tesla, Musk see billions evaporate, still Elon is world richest

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Elon Musk, still the world’s richest man, is poorer by nearly $39 billion after takeover bid of Twitter announced. At $231 billion of worth on the Forbes Real Time Billionaires Index at close of play on Friday, he remains on the top
Elon Musk, still the world’s richest man, is poorer by nearly $39 billion after takeover bid of Twitter announced. At $231 billion of worth on the Forbes Real Time Billionaires Index at close of play on Friday, only part of Musk’s losses are because of his still single-digit ownership of Twitter. Most of the vapourisation is coming from investors abandoning Tesla. Their carp is that legal issues at Twitter might distract the maverick suitor. Of his two infatuations, Musk’s Tesla has fared worse. Stock was down almost 21 per cent in the last 30 days at $769 Friday. Seventeen days back, Musk had put a $44-billion tag to buy out Twitter. On Friday, he threatened a classic u-turn, saying he demanded greater clarity that Twitter has just 5 per cent fake accounts.
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users”, Musk tweeted, challenging Twitter’s claim that spam and bot accounts are less than 5 per cent of total users.

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