Tuesday, May 26, 2026

ElonGate: Musk Puts Twitter Deal on Hold, Stock Drops Almost 8 Percent in Three Hours

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Elon Musk put his $44 million Twitter on hold this morning. In the three hours since, Twitter stock has dropped almost 8%.

Is this a game of some kind? It sure seems like it.

Musk said he was trying to verify how many Twitter uses are real or fake. Well, that has been determined, and it’s less than 5%. He knows that.

But Musk is getting a lot of blowback about his idea to reinstate Donald Trump and others who incited the January 6th insurrection. He thinks everyone should speak their mind on Twitter no matter if it’s dangerous, cruel, or fake. Let the chips fall where they may!

He’s also apparently against paper straws. In his Twitter feed he’s talked in the last day about missing plastic straws. So this brings up the question of why he invented Tesla, the electric car. Wasn’t to help the environment by ridding us of gas-fueled cars? Plastic straws and bags, etc, much as we miss them, were destroying the planet.

It’s kind of amazing that Tesla is a functioning company, that his Spacex can get a rocket off the ground given all this chaotic behavior.

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Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman is the founder and editor-in-chief of Showbiz411. He wrote the FOX411 column on FoxNews.com from 1999 to 2009 and previously edited Fame magazine and wrote the "Intelligencer" column at New York magazine. His bylines have appeared in The New York Times, The Washington Post, the New York Daily News, the New York Post, Vogue, Details, and the Miami Herald. He is a voting member of the Critics Choice Awards (Film and Television branches), and his movie reviews are tracked by Rotten Tomatoes. is articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. With D.A. Pennebaker and Chris Hegedus, he co-produced the 2002 documentary "Only the Strong Survive," which screened at Directors' Fortnight at the Cannes Film Festival.

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