Friday, Musk accused Twitter of lying about the number of bots and spam accounts on the platform, as well as failing to provide material he asked for. That includes detailed data on the number of bot and spam accounts on Twitter, the company's methodology for calculating user numbers and backup materials detailing its financial valuation.
The letter goes on to claim that, despite Twitter's alleged stonewalling, Musk's advisors analyzed the number of bots on the platform and determined that Twitter lied about their prevalence. Twitter has maintained that fewer than 5% of users are spam or fake accounts for as long as it has been a public company.
That was the plan.
Twitter will be fine, they're getting 1 Billion dollars from Elon for backing out of the deal.
Ok SEC, time to levy some heavy fines on this clown. He’s intentionally trying to manipulate the market and it’s illegal. He’s done this many times, time to be accountable elonmusk
Better twitter is gone than run by him
Good riddance. Bad and unpopular decision all around for many reasons.
Twitter is nothing more the 'Ones' and 'Zeros'. 101010101010101010 I rather have 2,250 cases of Spam Lite and 4,550 cases of Baked Beans. I will be sitting pretty when the bottom falls out.
Twitter's immediate future is less in doubt than $44 billion of Elon's wealth.
'Defending the car lot and putting out fires' Kyle Rittenhouse
The guy went World Wide Missile shopping. This is not his first rodeo.
Who would want to buy this cesspool?
But, but, but, he was going to save the conspiracy theorists and right wing lunatics! Taken by another grifter…
It almost seems like it doesn’t even matter at this point!
Seems fine to me
Yeah, now I will delete my account.
Make him pay up!!!
Good news, but Musk really screwed up everything for twitter and it will and should cost him billions.
Who has two thumbs and never intended to go through with the Twitter deal? This guy!
That was the idea. Now for Part2 of plan.
Here this whole time I'd been thinking Elon was the son of that Evel guy that used to jump his bike over trucks
Twitters stock is plummeting, class action lawsuits on the way Bye Bye Twitter
That’s the only thing he’s pulling out of.
Elon Pulls Out!
He’s also decided not to buy a $100 million yacht. We can all relate.
Well, when Twitter doesn’t accurately represent their user base and try to hide the huge number of bots…what would you expect him to do?
Hi Elon, In California, Civil Code Section 1689 governs that the contract is allowed to be canceled by Rescission Law. California has Rescission and cooling-off rules after entering a contract. You can change your mind or rescind your contract.
Bet TFG is unhappy
That shit was always filled with bots accounts !!! BUSTED ! followers NUMBERS are just crap. this is the social media END.
Yes he’s now going to buy Trumpys Truth Social really cheap … And Rename it Quitter…
He should try to buy truth social
Twitter has no financial value. Tell me the last time anyone clicked on an ad or made a purchase through this tremendous platform? It’s bots, bigots, bullshit and bullies
No comment
This sounds like an negotiation to me. Either that or Twitter is really a dud. I've never advertised on it they d*** me around so badly
I don't know. Maybe Twitter will own a nice little satellite internet network.
That was probably what his intention was from the start.
He's liable for $1Billion for walking out.
Bahahah, didn’t see they coming. Said no one. 😂
I guess Musk’s supposed dedication to protecting the First Amendment is a distance second to his interest in possessing as much money as possible
Of course he is. Did anyone really doubt it?
May be the first time Musk actually 'pulled out.'
He’s worried about his finances. That’s it.
This bears repeating, but It was always a scam. Always
I’ll also would like to buy it with other peoples money
So we have no hope.
He doesn’t seem to understand how contracts work…or birth control..
Making Twitter great again 2.0.
Huge discount incoming!
I think if he bought it that would make it far more uncertain
Idiot
Look at Tesla stock. Now watch his buy backs.
He did expose Twitter for being biased….not that they care.
He just wanted to get attention
Not surprised! Damn it! He got the Trumptards all excited then let them down 😂🤣😂🤣
and the stock price is echoing that sentiment too
The future of Twitter is in doubt? What am I reading this on? Twitter looks like it’s going to be fine.
'throwing the future of the company into doubt ' WOW did you reach this conclusion alone TWTR was before during and probably after Elon as one stop news channel around the world and i am sure Elon himself will continue manipulate TWTR for its own use , see you in court Elon
Future into doubt? I would say that with these kind of headlines... The future of cbs news is in doubt.
I like the results
Think twitter’s immediate future is steadfast. What happened to you CBS News?
elonmusk was too smart to be scammed by Twitter . With the public revelation that Twitter is filled with fake accounts & bots will advertisers start asking for rebates & refunds?
Isn't the whole fiasco market manipulation?
Twitter is a democrat scam Material breach of multiple provisions of the agreement Exaggerated user count fooled everyone, including SEC and paying Advertisers
ThePerezHilton
Unsurprising.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: chicagotribune - 🏆 8. / 91 Read more »