TELETRADER News
8/6, 11:01 AM (Source: TeleTrader)
more TeleTrader news

Musk: Twitter deal only if it shows proof of real accounts

Billionaire Elon Musk argued on Saturday that his $44 billion acquisition of Twitter Inc. would only take place if the platform provided him with the information on how it confirms if Twitter accounts are real or not.

"If Twitter simply provides their method of sampling 100 accounts and how they're confirmed to be real, the deal should proceed on original terms. However, if it turns out that their SEC filings are materially false, then it should not," Musk shared in a Twitter post.

The agreement was suspended by Musk after he claimed Twitter hasn't provided him with the actual number of bot accounts on the social media platform. Twitter sued him afterward in order for the court to make the world's richest man realize the deal, with the trial scheduled for mid-October.

Baha Breaking News (BBN) / ND