Elon Musk Has Competition As Snoop Dogg Says He Wants To Buy Twitter

Elon Musk's $44 billion bid to buy Twitter may face a new challenge as rapper Snoop Dogg has said he may swoop in and buy the social media giant.

Musk's multi-billion bid for Twitter is 'temporarily on hold' after discussions over the number of fake accounts on the site.

Taking to Twitter to discuss the details of his upcoming purchase of the site, he said he was waiting for information which would support the calculation that fake accounts and spam bots make up less than five percent of Twitter's user base.

Getting rid of the bots plaguing Twitter has been one of the key objectives outlined by Musk as part of his takeover bid.

The Tesla CEO later added that he was 'still committed' to acquiring the site in the wake of his move to take control of the social media platform.

In the wake of this confusion, rapper Snoop Dogg has jumped into the discussion to offer competition to Musk's bid to buy Twitter.

The rapper tweeted that he was thinking of buying the site himself, and joked that his first act as Twitter boss would be to 'replace the board of directors with Jimmy from my corner Fish Fry, Tommy Chung and tha guy with the ponytail on CNBC'.

He then promised 'free internet on airplanes' and said everybody on the site would get a blue tick before trying to get #WhenSnoopBuysTwitter trending.

Where he'd get the money to buy Twitter, nobody knows, but it'd be a fun twist in the tale if he was somehow able to outbid Elon Musk.

What might help Snoop Dogg's bid to buy Twitter is that Twitter's share price dropped by around 10 percent following Musk's tweets.

Some believe this is a sign that Musk's much-hyped purchase of Twitter may not happen after all and that he is looking for a way to back out of a deal.

Wedbush Securities tech analyst Dan Ives told the BBC Musk's comments could turn the situation into 'a Friday the 13th horror show' which left 'many questions and no concrete answers as to the path of this deal going forward'.

Susannah Streeter, analyst for Hargreaves Lansdown, also told the outlet it was unclear how genuine Musk's concerns were over bots on Twitter.

Calling Musk's actions a 'delaying tactic', she questioned whether the number of fake accounts on the site was really behind his caution, suggesting it could be a move to 'row back on the amount he is prepared to pay' since the $44 billion price tag is so 'huge'.

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