Tesla CEO Elon Musk said he is exiting his multi-billion-dollar deal with Twitter over concerns about its spam bots, a newly revealed SEC filing shows.
“While Section 6.4 of the Merger Agreement requires Twitter to provide Mr. Musk and his advisers all data and information that Mr. Musk requests ‘for any reasonable business purpose related to the consummation of the transaction,’ Twitter has not complied with its contractual obligations,” reads a Securities and Exchange Commission (SEC) filing dated July 8, 2022.
“For nearly two months, Mr. Musk has sought the data and information necessary to ‘make an independent assessment of the prevalence of fake or spam accounts on Twitter’s platform,’” the filing continued….