May 17, 2022
Elon Musk warns Twitter deal stuck without fake account proof
Elon Musk has said his $44bn deal to buy Twitter may be in jeopardy due to a disagreement over the number of fake accounts on the social media platform. Mr Musk tweeted that the deal "Cannot move forward" unless Twitter backs up its claims that less than 5% of accounts are fake or spam accounts. Mr Musk agreed the $44bn deal to buy Twitter with its board in April, but on Monday Mr Musk said the deal was "On hold" while he sought details about fake accounts. Mr Musk said Twitter boss Parag Agrawal had "Publicly refused to show proof" that fewer than 5% of its accounts were fake, and said the deal "Cannot move forward" until Mr Agrawal does show proof. On Monday, Mr Musk responded to Twitter Mr Agrawal's defence of the the firm's spam accounts with a poo emoji, later repeating his claim that Twitter was underestimating the figure.
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