Elon Musk Threatens to pull out of $44bn Twitter Deal Over Fake accounts

Elon Musk is threatening to pull out of his $44 billion acquisition of Twitter if the company does not provide more information on how it calculates the number of fake accounts. In a letter delivered to Twitter on Monday and filed with the Securities and Exchange Commission, Mr. Musk’s lawyers at the law firm Skadden, Arps, Slate, Meagher & Flom argued that Twitter was “actively resisting and thwarting” Mr. Musk’s rights under the terms of his deal to acquire the social media company. His lawyers accused Twitter of a “clear…

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Commercial, govt users to pay for Twitter, says Elon Musk

Billionaire entrepreneur, Elon Musk, on Wednesday, said Twitter commercial and government users may have to pay to use the micro-blogging platform. Twitter on Monday, April 25, confirmed the selling of the platform to Musk in a deal valued at $44 billion. The sale was a dramatic shift for the board, which had originally maneuvered to block Musk from taking the social media network private. READ ALSO World Richest Man, Elon Musk, Buys Twitter For $44bn Twitter Ready To Sell Firm To World Richest Man, Elon Musk Elon Musk Stakes $2.9bn,…

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