DETROIT — Elon Musk is threatening to stroll away from his $44 billion bid to purchase Twitter, accusing the corporate of refusing to provide
Lawyers for the Tesla and SpaceX CEO made the risk in a letter to Twitter dated Monday that the corporate disclosed
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The attorneys wrote that Musk has repeatedly requested for the data since May 9, a few month after his supply to purchase the corporate
Twitter CEO Parag Agrawal has mentioned that Twitter has constantly estimated that fewer than 5% of its accounts are spam. But Musk has disputed
that, contending in a May tweet, with out offering proof, that 20% or extra are bogus.
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Shares of Twitter Inc. slid 1.5% Monday, seemingly incensing Twitter shareholders who filed a go well with in opposition to Musk late final month for deflating
the price of the stock. Shares of Twitter are down greater than 20% within the final month.Twitter mentioned in an announcement Monday that it has been
cooperatively sharing data with Musk “in accordance with the terms of the merger agreement” and famous that the deal is in “the best interest of all shareholders.”