Elon Musk again expressed his concerns about Twitter Inc. on the social media site.
Responding to a thread started by another user, Musk said the deal to buy the company “should continue under the original terms” if Twitter provided its method of sampling accounts and confirmed their authenticity. “However, if their filings with the SEC turn out to be materially false, that should not be the case,” he also said.
musk too interrogates the United States Securities and Exchange Commission for failing to investigate Twitter’s account data.
Musk accused Twitter of misrepresenting the size of its user base to distort its value and cited the issue of fake accounts as the main reason for dropping its bid to buy the company. Twitter responded by saying the idea that Musk, backed by a team of lawyers and financial advisers, was “tricked” into signing the purchase agreement was “as implausible and contrary to the facts as it sounds.” .
Musk’s arguments for scrapping the deal were revealed in counterclaims filed under seal in a Delaware court last week. Musk asks judge to declare Twitter in breach of contract.
Musk initially agreed to pay $54.2 per Twitter share. Shares of the company have plunged with other tech stocks since then and are now trading at $42.52 per share.
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