The world’s richest man has already reached an agreement with Twitter on the multi-billion dollar takeover, but caused a surprise last month by putting the deal on hold. He did this because he wants more clarity about the share of fake accounts on the messaging service.
Obstacles
Musk wants Twitter to prove to him that less than 5% of all Twitter users are bots, as the Twitter board claims. The businessman’s statement also states that the company has still not complied with his request could be interpreted as an attempt to thwart Musk and cover up the issue.
Investors are shocked by the news. Shares of Twitter lost more than 4% shortly after the opening bell on Wall Street on Monday. Due to the uncertainty surrounding the takeover deal and the turmoil on the stock markets, the share price of Twitter has already fallen considerably last month.