Elon Musk, the richest man in the world, has stated that he would no longer be purchasing Twitter, three months after making a $44 billion offer to do so.
Elon based his choice on a large number of spam bots in a shocking letter his attorneys issued to Twitter executives. He also claimed Twitter had withheld correct information about the number of phony and spam accounts using the platform.
After Elon withdrew his offer to buy, Twitter’s stock fell by 6%.
Executives from Twitter said they will sue him to make the sale go through.
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