Publish Date: | Mon, 06 Jun 2022 08:21 PM (IST)
Problem in Twitter Deal: Fears have started clouding over the $44 billion Twitter deal. Elon Musk has warned clearly that the Twitter deal can also be canceled. In fact, the world’s richest businessman Elon Musk has said that if the company does not give him the data of spam and fake accounts, then he may be out of this deal. Elon Musk believes Twitter is violating their merger agreement by not reporting spam and fake accounts. Musk has previously accused the company of hiding data about fake user accounts. This is the reason why Musk is now adamant about this demand and has warned that he may back out from the deal to acquire Twitter on this issue.
Elon Musk has warned he may walk away from his $44 billion deal to acquire Twitter Inc if the social media network fails to provide data on spam and fake accounts: Reuters
(file pic) pic.twitter.com/yqOczI3mpo
— ANI (@ANI) June 6, 2022
letter sent by twitter
In a letter sent to Twitter by Musk’s lawyers, it has been said that Twitter is ignoring its responsibility. In such a situation, Musk reserves all rights to terminate the deal. Let us tell you that earlier Musk had said that the Twitter deal has been put on hold for the time being. Elon Musk is currently waiting for full details of fake or spam accounts from the social media company.
On the other hand, Twitter says that it is not possible to collect this data or tell its figures for sure. However, Twitter claimed at the time of the deal that the number of spans and fake accounts on the microblogging platform Twitter is less than 5 percent. On the other hand, Musk feels that their number is more and Twitter has inflated the number of its users.
Posted By: Shailendra Kumar