Court possible: Musk's deal to buy Twitter is in jeopardy, the billionaire will have to compensate for the damage

08 July 2022, 08:49 | Technologies 
фото с Зеркало недели

The agreement on the purchase of the social network Twitter by American billionaire Elon Musk may not take place. The reason for the failure of the preliminary agreement worth $44 billion is the lack of effective ways to check and identify the correct number of spam accounts among Twitter users.. It is reported by The Washington Post.

According to the publication, three anonymous persons familiar with the situation said on July 7 that the agreement was " Musk's team believes that it is impossible to confirm data on the number of fake and spam accounts on Twitter, so negotiations to acquire the social network do not yet make sense..

Musk demanded to check the number of spam accounts after Twitter shares began to fall. He said in May that understanding the number of fake accounts is part of an assessment of Twitter's business, which makes most of its money selling ads.. Despite the billionaire's words about the possibility of acquiring the social network at a lower price, the current owners of Twitter said they did not intend to make a " Since then, the company has provided Musk's analysts with a wealth of data..

The Washington Post reports that if Musk refuses to buy Twitter, he will have to pay the owners of the network $ 1 billion to break the deal.. However, according to insiders of the publication, Twitter may try to force Musk to make a purchase, since the reason for his refusal " So the case can go to trial..

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Recall that Elon Musk announced his readiness to acquire Twitter at the end of April. Interestingly, immediately after this, the billionaire Tesla company lost $126 billion due to investors' doubts about the transparency of Musk's sources of financial income..

Источник: Зеркало недели