Elon Musk cancel the purchase plan deal Twitter worth US $ 44 billion on Friday (8/7), United States (US) time.
Reported ReutersThe Tesla boss said the social media company failed to provide information about fake accounts on its platform.
As a result of Musk’s decision, Twitter shares fell 6 percent in extended trading on the same day.
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In a cancellation filing with the U.S. Securities and Exchange Commission (SEC), Musk’s attorney said Twitter failed or refused to respond to multiple requests for information about fake accounts or spam on that platform. In fact, it is the basis of the company’s business performance.
Musk previously threatened to terminate the deal unless the company showed evidence that spam and bots accounted for less than 5 percent of users who saw ads on the social media service.
Last month, Twitter allowed Musk access to “firehose,” a repository of raw data from hundreds of millions of daily tweets.
Meanwhile, Twitter has not yet responded to a request for comment from Reuters.
(reuters/sfr)
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