As Tesla Inc. Chief Executive Elon Musk said he was unwilling to move ahead with his $44 billion purchase of Twitter Inc. until the company provided more information about the prevalence of spam on the service, the social-media company reiterated its commitment to closing the deal under its original terms.
Musk said his original offer was “based on Twitter’s SEC filings being accurate” and floated the possibility that 20% or more of Twitter’s users could be fake or spam accounts. Twitter, meanwhile, reiterated its intent to close the deal under the previously agreed-upon conditions. Musk’s beef over Twitter’s spam activity has been widely viewed as an attempt by the Tesla boss to negotiate a lower price for the deal or back out entirely. Shares of other social-media names have fallen since the deal was announced, as have shares of Tesla.“We believe that Musk is using his investigation into the % of fake TWTR accounts as an excuse to pay below $54.20/share,” Jefferies analyst Brent Thill wrote late Monday.
When 95% of the ‘active users’ are in fact bots….then Twitter will have to explain to the SEC
great , further more the company will announce shortly that from the moment the deal is confirm by TWTR shareholders and regulation a penalty and interest will apply on every day Elon delay its committed price
I don't think so
If the user base is junk how can the original deal still hold water
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