• Tesla and SpaceX CEO Elon Musk proposed buying Twitter at $54.20 per share, leading regulators to halt trading on the social media company’s stock.
• Twitter has been battling Musk in court over his attempt to cancel a previous offer to buy the social media platform for $44 billion.
• Musk expressed concerns that the actual share of fake accounts on the platform could range as high as 33 percent rather than the company’s reported 5 percent, with a lower number of monetizable daily active users potentially justifying a lower valuation.

Tagged: Elon Musk