After Musk said he would put his acquisition of the social media company on hold, the shares of the company plummeted.
There are many questions and no concrete answers about the deal going forward.
Musk said he would put his planned $44 billion takeover on hold until he found out more about the number of fake and fraudulent accounts on the platform.
The circus show will be sent into a Friday the 13th horror show by Musk.
The markets are reacting as if he is going to back out of the deal, which could be a possibility, according to Michael Hewson, chief markets analyst at CMC Markets.
Musk's decision was very troubling for investors, as his stock fell over 10% on Friday.
CFRA analyst Angelo Zino notes that this move is likely to drive greater uncertainty and chaos within the company, which could have negative implications for its own business prospects.
The buzz generated by Musk's offer to buy the company in April has led to a 4% decline in the share price of the company.
The billionaire may be holding out for a better deal, possibly hoping to lower his original offering price of $54.20 per share. The board of directors of the social media company accepted Musk's offer last month and it was valued at roughly $44 billion.
The confusion surrounding Musk's deal to buy the company is making short-sellers happy. According to S3 Partners, there was a $136 million boost to the short-sellers.
According to Forbes calculations, Musk is the richest person in the world.
Musk says the deal is on hold.
Markets are down for the sixth week in a row.
The S&P 500 hit a new low in 2022.
Despite the market selloff, meme stocks are on the rise.
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