Elon Musk has dramatically announced that he is pulling the plug on his $44 billion acquisition of Twitter as he rubs shoulders with other finance and tech giants at the Sun Valley Conference in Idaho.
The SpaceX founder’s legal team accused the social media giant of failing to provide accurate data on the number of fake and spam accounts on the platform.
Musk, 51, first made his offer to purchase Twitter in April after becoming the company’s biggest shareholder, since then there have been repeated indications that he was seeking to walk away from the deal since April.
The world’s wealthiest man had earlier stalled on the deal after claiming that he wanted his team to do ‘due-diligence’ over the number of fake accounts on the platform.
The world’s wealthiest man had earlier stalled on the deal after claiming that he wanted his team to do ‘due-diligence’ over the number of fake accounts on the platform.
Twitter CEO Parag Agrawal is set to come face-to-face with Tesla CEO…
