Elon Musk terminates $44 bln Twitter deal
In a filing, Musk's lawyers said Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts on the platform, which is fundamental to the company's business performance.
- Jul 9, 2022,
- Updated Jul 9, 2022 3:23 AM IST
Tesla Inc Chief Executive Officer Elon Musk said on Friday he was terminating his $44 billion deal for Twitter Inc., saying that the social media company had failed to provide information about fake accounts on the platform.
Shares of Twitter fell 6 per cent in extended trading.
In a filing, Musk's lawyers said Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts on the platform, which is fundamental to the company's business performance.
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Tesla Inc Chief Executive Officer Elon Musk said on Friday he was terminating his $44 billion deal for Twitter Inc., saying that the social media company had failed to provide information about fake accounts on the platform.
Shares of Twitter fell 6 per cent in extended trading.
In a filing, Musk's lawyers said Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts on the platform, which is fundamental to the company's business performance.
For Unparalleled coverage of India's Businesses and Economy – Subscribe to Business Today Magazine