Elon Musk decided to take a break from Twitter

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Elon Musk decided to take a break from Twitter

SpaceX founder and automaker Tesla Elon Musk seems to have taken a break from Twitter. He wrote that he would leave the social network “for a while.” When the businessman plans to return, it was not specified.

Elon musk
Elon musk

Musk is one of the richest people on the planet. At the time of writing, he topped the list with $ 190 billion according to Bloomberg, and Forbes ranked him second with a fortune of $ 181.9 billion.

Earlier, Elon Musk provoked several serious surges in various markets. For example, after a series of his publications, the share price of CD Projekt RED increased by 19%. Also, after the mentions, the price of bitcoin and shares of the GameStop video game store network skyrocketed. Dan Lane, an analyst at UK-based trading application Freetrade, told CNBC that it is necessary to examine the legality of such practices.

Perhaps due to recent events, the businessman decided to protect himself. Recall that in 2018, the SEC and the US fined Musk $ 20 million for publishing tweets about plans to privatize Tesla. The regulator considered this a manipulation because the publication of tweets led to an increase in the value of the company’s shares.

Also Read:  Elon Musk lost $100 billion in 2022. Still not worth buying Twitter?