On Friday, July 8, 2022, Elon Musk called off the purchase of Twitter. The short message service violated the terms of the agreement and did not provide the full numbers on fake accounts. In April 2022, the Tesla boss announced that he wanted to buy the social media platform for $44 billion. Twitter plans to file a lawsuit.
The Washington Post reported on Thursday that the deal was in serious jeopardy because, in Musk's opinion, data on fake user accounts could not be verified.
In light of the announcement, Twitter shares fell 7.5 percent to $34.05 in after-hours trading. Musk originally offered $54.20 per share. The total volume of the project amounted to around 44 billion dollars (43.22 billion euros).
In line with this topic:
Elon Musk on Twitter: What's happening now?
Backed out? Elon Musk assumes that over 20 percent of Twitter accounts are fake!
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