Musk threatens to pull out of Twitter deal – everything you need to know
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Elon Musk Threatens to Close $44 Billion Deal to Buy Twitter he's Trying to Cut the Price.
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He made several allegations on Twitter that 20% of accounts are fake and spambots, while the company says that only 5% of accounts are fake and spambots.
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Elon Musk's lawyer has written a threatening letter to Twitter, in which he says that Musk has sought information from May 9.
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He was trying to learn information about fake accounts and spammy bots so that they could evaluate the actual value of the company.
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According to Twitter CEO Parag Agarwal, less than 5% of Twitter accounts are fake, while Elon Musk claims that more than 20% of Twitter accounts are fake.
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Shares of Twitter Inc. fell 3% on Monday, while Twitter shares fell 23% in a month after several Twitter stockholders sued Elon Musk for taking down Twitter shares.
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In April, Elon Musk agreed to buy Twitter for $44 billion, but he hasn't yet bought Twitter due to a lack of proper information about fake accounts.
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