Posted on July 10, 2022

Elon Musk Says He Is Terminating Twitter Deal

Meghan Bobrowsky, Wall Street Journal, July 8, 2022

Elon Musk is seeking to terminate his $44 billion agreement to buy Twitter Inc. saying that the company hasn’t provided the necessary data and information he needs to assess the prevalence of fake or spam accounts, according to a regulatory filing Friday.

Twitter “is in material breach of multiple provisions of that agreement” and appears to have made “false and misleading representations” when entering into the agreement, according to a letter from Mr. Musk’s lawyer {snip}


Mr. Musk’s lawyer cited concerns over Twitter’s estimates about how many of its daily users are fake or spam accounts {snip}