The announcement brings to an end a will-he-won’t-he saga after the world’s richest person clinched…
New York Post By Josh Kosman
Tesla Chief Executive Officer Elon Musk said on Friday he was terminating his $44 billion deal for Twitter, saying that the social media company had failed to provide information about fake accounts on the platform.
Shares of Twitter fell 6% in extended trading after closing at $36.81 on Friday.
The stock zoomed to $51.70 when Musk made his $54.20 offer to buy the social media giant on April 25.
In a filing, Musk’s lawyers said Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts on the platform, which is fundamental to the company’s business performance.
