"Whoever thought owning the libs would be cheap never tried to acquire a social media company!" Musk tweeted on Saturday. He continued: "At least, that's what the lib hive mind thinks haha."
"Owning libs" is an internet slang used by conservatives to defeat or embarrass liberals in arguments.
On Friday morning, Musk threw his Twitter takeover bid into chaos by tweeting that the deal was "temporarily on hold". At the same time, he investigated the prevalence of fake and spam accounts on social media site.
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Although, one person familiar with the negotiations told the Washington Post: "We haven't seen one iota of evidence that the deal is on hold."
"Things continue today just as they were yesterday," the person announced.
Analysts and insiders widely think that Musk's tweets on Friday were an try to gain leverage and negotiate a lower price for his takeover, which has been approved by Twitter's board yet won't close for several months.
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Even Donald Trump, remarking on his Truth Social platform on Friday, proposed that Musk is looking to negotiate a better deal to buy Twitter after agreeing to pay $54.20 per share.
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The former US president announced the sole reason the Tesla CEO had not called off the Twitter deal yet was because of the $1 billion breakup fee.
"There is no way Elon Musk will buy Twitter at such a ridiculous price, especially since realizing it is a company largely based on BOTS or Spam Accounts," Trump wrote as he added jabs at the rival social media company.
"If it weren't for the ridiculous Billion Dollar breakup fee, Elon would have already been long gone," he went on.
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This week, Musk has further sparked fierce debate after stating he would allow Trump back on Twitter if and when he takes the reins, in line with his previous announcements that he planned to err on the side of free speech rather than bans and censorship.
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Trump has repeatedly announced that he has no plan to go back to Twitter after being removed from the platform after the January 6 Capitol riot.
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Markets have plunged since the deal was approved on April 25, making Twitter's valuation under the terms appear ever richer compared to comparable companies.
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Musk's tweet on Friday insisting the deal was on hold had the effect of sending Twitter shares plunging and boosting Tesla stock, which he is using as collateral to finance the deal, in effect putting Musk in a much stronger negotiating position.
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