Follower count fluctuation, the tanking of Tesla stock and multiple potential violations of the Elon Musk-Twitter merger agreement defined the days following news of the Tesla CEO's purchase of Twitter.
Elon Musk’s looming purchase of Twitter is already showing adverse effects on the social media platform and beyond just two days removed from Twitter’s board of directors unanimously agreeing to the deal.saw Tesla lose upward of $125 billion in market value after the stock price tanked by more than $100 a share.
Twitter itself has dealt with wide follower fluctuation since Monday. Multiple accounts with large follower counts reported losing followers by the thousands, with some growing to hundreds of thousands. Former President Barack Obama, the most followed Twitter user, lost more than 300,000 followers since the acquisition was announced. Katy Perry lost more than 200,000 followers. At the same time, notable controversial right-wing figures, including Rep.
Even Musk himself may have landed himself in hot water in relation to his deal with the social media giant. A provision in thebetween Musk and Twitter filed with the U.S. Securities and Exchange Commission on April 25 allows Musk to tweet about the merger as the deal clears its hurdles under the condition that his tweets “do not disparage [Twitter] or any of its Representatives.” On April 26, Musk wrote multiple tweets that potentially violate that measure.
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