Elon Musk has canceled his $ 44 billion deal on Twitter, saying the social media company had not provided information about fake accounts on the platform.
In a presentation, Musk’s lawyers said Twitter had failed or refused to respond to multiple requests for information about fake or spam accounts on the platform, which is critical to the company’s business performance. .
Twitter shares fell 6% in expanded trading.
The CEO of Tesla, Mr. Musk, had threatened to stop the deal unless the company showed evidence that spam and bot accounts were less than 5% of users who see advertising on the social media service.
Last month, Twitter allowed Musk access to his “fire sleeve,” a raw data repository on hundreds of millions of tweets daily.
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