Elon Musk refused to buy Twitter. The social network will sue him
elon musk
According to Reuters, Elon Musk refused to buy Twitter, citing a statement made by the billionaire’s lawyers. According to lawyers, the company violated a number of provisions of the merger agreement. In particular, Musk was dissatisfied with the social network’s refusal or inability to provide him with data on the number of fake or spam accounts on the platform.
Twitter Head Bret Taylor said the company plans to seek a settlement through the courts.
– wrote in his microblog.
Musk agreed to buy Twitter for $44 billion in April. He stated that he wanted to unlock the untapped potential of the platform and give it back freedom of speech. However, in late May, the businessman suspended the deal and asked Twitter to prove that the number of bots on the platform did not exceed 5%. According to Musk, the number of such accounts on the social network is at least 20%.
Under the terms of the deal, Twitter will have to pay a $1 billion penalty if the deal isn’t closed by October 24, 2022, due to Elon Musk’s fault.
– journalist Nadezhda Sagittarius commented on the news on the telegram channel.
– wrote “Only to everyone” on the telegram channel.
Source: Spletnik
I am Anne Johnson and I work as an author at the Fashion Vibes. My main area of expertise is beauty related news, but I also have experience in covering other types of stories like entertainment, lifestyle, and health topics. With my years of experience in writing for various publications, I have built strong relationships with many industry insiders. My passion for journalism has enabled me to stay on top of the latest trends and changes in the world of beauty.
