Musk calls off TWITTER acquisition and pressures it to disclose fake account numbers

The case of Elon Musk, the world’s richest man’s acquisition of Twitter, is making waves again. After questioning Twitter’s claim that less than 5% of the platform’s accounts were fake, Musk tweeted earlier that he would suspend the $44 billion acquisition until Twitter CEO Parag Agrawal disclose the actual numbers in public.
Twitter provided data to the SEC at the beginning of the month, claiming that only less than 5% of profitable accounts belong to cyborg or fake users, which was questioned repeatedly by Musk, who believes that there are at least 20% or even more of such accounts. He asked Agrawal to verify the public sampling and prove that the less than 5% claim is true, but his request was refused.
In fact, on Friday May 13, Musk called to halt the acquisition a couple of times due to an unclear number of fake accounts; this incident caused Twitter’s shares to plummet. Yesterday he let the wind out that he did not rule out the possibility to lower the purchase price per share according to the current market conditions. The outside world suspects that behind the specious operation of this “Tesla godfather”, the intention might be preparing for the exit from the deal.

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