Social media

Social networks – Musk threatens to withdraw from Twitter

Billionaire Elon Musk is once again threatening to pull out of his $44 billion takeover of messaging service Twitter. A letter from his lawyer published on Monday says Twitter has “clearly breached” its obligations. Musk therefore reserves all rights to terminate the merger agreement. He wants accurate data on the percentage of fake Twitter accounts.

The head of electric car maker Tesla has already said he will suspend the deal, arguing he first wants hard data on the percentage of fake Twitter accounts. According to the SMS service, the number is less than five percent, while Musk assumes at least a fifth of users.

Shares sell

“Musk believes that Twitter is clearly refusing to fulfill its obligations under the merger agreement, raising suspicions that the company is withholding required data out of fear of what Musk’s analysis of that data will reveal,” his colleagues said. lawyers. Musk believes the company actively defends and thwarts his rights to information.

Twitter shares fell 4% after trading began. In contrast, shares of Tesla rose more than 2%.