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Elon Musk is officially trying to kill his Twitter takeover
Elon Musk is officially trying to pull the plug on the $44 billion deal to buy Twitter. In an SEC filing, Musks lawyers said the Tesla CEO wishes to terminate the agreement because of false and misleading representations made by Twitter.
Twitter and Musk have been squabbling for months over how the company counts the number of bots and fake accounts on the platform. In the letter filed with the SEC, Musks lawyers state that Twitter has both withheld information and misled Musk about the true numbers.
Twitter has long stated that fake accounts make up less than 5 percent of its total users, and it turned over some of its internal data to Musk to bolster those claims. In the SEC filing, Musks lawyers state that it appears Twitter is dramatically understating the number.
Twitter didnt immediately respond to a request for comment.
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Original Link: https://www.engadget.com/elon-musk-tries-to-kill-twitter-takeover-215356568.html?src=rss
Engadget
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