Elon Musk’s proposed acquisition of Twitter may fall apart over his doubts that the company is accurately reporting the number ofon the service, according to a report, even as company executives reiterated the number is low and tried to better explain how they calculate the figures.
Musk’s team has concluded that Twitter can’t verify its figures on the spam accounts and has “stopped engaging” in discussions around funding the deal, the Washington Post reported Thursday, citing people familiar with the matter. This issue has put the acquisition by the Tesla chief executive officer “in serious jeopardy,” the newspaper said, citing the people.
Twitter shares declined about 4% in extended trading after the newspaper’s report. The stock has declined 10% this year, closing at $38.79 on Thursday in New York.
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