Elon Musk is teasing the possibility to walk away from his multibillion-dollar transaction with Twitter, saying that the social media giant is in “material breach” of the merger agreement as the two continue to argue over the number of spam bots and false accounts on the network.
Going Big
Musk’s ongoing objections were revealed in a letter to Twitter dated June 6 that was exposed in a filing with the U.S. Securities and Exchange Commission. SEC stands for Securities and Exchange Commission.
His Demands
Musk’s lawyers say in the letter that Twitter has done insufficient to divulge the exact amount of spam bots and fraudulent accounts on the platform.
He has stated that if the removal of spam bots and fake accounts would be taken down, he would move forward with his purchase of the platform. Despite this, the social media platform seems to be lacking in that department. Regardless of the efforts to come, only time shall show us what may come out from this revelation from both Elon and the social media giant.
