Elon Musk’s $44 billion deal to buy Twitter “cannot go forward” without “evidence” of the social media giant’s previously expressed assessment of a fake account, the Tesla and SpaceX boss wrote on Tuesday.
He said last week that the mega transaction was “temporarily suspended with details pending to support the calculation that fake/spam accounts actually represent less than 5% of users”. The comments came after a Twitter regulator filed a statement with the Securities and Exchange Commission (SEC) in which the company determined how many of its “monetized daily active users” were fake or spam. Twitter announced that 229 million users received advertising in the first quarter, 5% of which were 11.45 million.
“Yesterday, the CEO of Twitter publicly denied
Musk emphasized that his offer to the social giant was “based on the accuracy of Twitter’s SEC filings.”
Last month, Musk announced a $44 billion deal to take over Twitter and promised to stop moderating its content. Last week, the company revealed that it had received letters from investors asking for $7.14 billion in new funding for its Twitter deal and was also in talks to bring in co-founder Jack Dorsey and others as investors.
Source: Hollywood Reporter
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