Tesla CEO Elon Musk says his deal to buy Twitter can’t move forward unless the company shows public proof that less than 5% of the accounts on the platform are fake or spam.
The battle over spam accounts kicked off last week when Musk tweeted that the Twitter deal was on hold pending confirmation of the company's estimates that they make up less than 5% of total users.he would like to pay less for TwitterHe said a viable deal at a lower price would not be out of the question, according to the report by Bloomberg, which said it viewed a livestream video of the conference posted by a Twitter user.
Musk's comments are likely to bolster theories from analysts that the billionaire either wants out of the deal or to buy the company at a cheaper price. His tweet Tuesday came in reply to one from a Tesla news site speculating that Musk “may be looking for a better Twitter deal as $44 billion seems too high.”
Musk made the offer to buy Twitter for $54.20 per share on April 14. Twitter shares have slid since then and are now down by just over 8%, to close at $37.39 on Monday. To finance the acquisition, he has pledged some of his Tesla shares, but they have slumped by a third since the deal was announced.
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