Elon Musk says Twitter deal ‘cannot move forward’ without more information.
Elon Musk raised further doubts about the future of his $44 billion acquisition of Twitter on Tuesday, saying “this deal cannot move forward” until he gets more details about the volume of spam and fake accounts on the platform. Mr. Musk, who is carrying out a public tweet-by-tweet negotiation for the influential social media platform, has latched onto the issue of fake accounts in recent days, in a move that some analysts figure is an attempt to drive down the acquisition price or walk away from the deal altogether. Twitter has long said in regulatory filings that fewer than 5 percent of its accounts are fake — a figure that Mr. Musk says is hard to believe. In a tweet published at 3:32 a.m. Eastern time on Tuesday, Mr. Musk said the figure could be well above 20 percent, without providing information to support the claim.