The billionaire’s camp has concluded that Twitter’s figures on spam accounts are not verifiable, and that could end the bid.
Elon Musk’s deal to buy Twitter is in serious jeopardy, three people familiar with the matter say, as Mr Musk’s camp concluded that Twitter’s figures on spam accounts are not verifiable.
Now that Elon Musk’s team has concluded Twitter’s figures on spam accounts are not verifiable, one of the people said, it is expected to take potentially drastic action.Talks with investors have cooled in recent weeks as Mr Musk’s camp has raised doubts about the recent data “fire hose” – a trove of data sold to corporate customers – it received from Twitter.
Now that Mr Musk’s team has concluded Twitter’s figures on spam accounts are not verifiable, one of the people said, it is expected to take potentially drastic action.The person said it was likely that a change in direction from Musk’s team would come soon, though they did not say exactly what they thought that change would be.
But soon after, questions arose about whether he would actually follow through. A global sell-off in tech stocks deeply cut into his personal net worth, which he had leveraged to get commitments for the debt he needed to buy Twitter.
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