Musk doubts report on number of spam account -twitter-pockets-1-billion-after-elon-musk-says-he-is-not-going-head-with-deal/
Musk doubts report on number of spam account
ing called off because Musk is doubtful that Twitter has given sufficient information about how many fake and spam accounts exist on the platform. Ringler’s letter to Twitter claimed the company is a ‘material breach of multiple provisions’ of its agreement with Musk by not giving enough information.
The share price of the microblogging site fell more than 5 per cent, closing at $36.81 after the report emerged that the deal was in serious danger before it dropped another 6 per cent after a few hours of trading at about $34.50 following the filing.
Doubts grow over Elon Musk’s deal to buy Twitter, billionaires team question platform’s claim on bots
According to the sources, Musk’s camp concluded that Twitter’s report on Spam accounts cannot be verified, saying that the team has since stopped engaging with Twitter in some discussions about funding the $44 billion acquisition. This includes a party that is named as the deal backer, one of the sources said.
