Wednesday, May 22, 2024

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


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.

Roger Friedman
Roger Friedman
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His 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. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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