Elon Musk’s purchase of Twitter could be tossed without complete information about the actual number of fake and spam accounts on the social network, the billionaire has warned.
This has forced investors to hit the sell button in the last couple of weeks. Twitter shares have erased all of their gains since Musk announced a 9.2 percent stake in the company that quickly evolved into a $44 billion takeover bid. Shares are trading at around $40, down 22 percent from their peak.
The San Francisco-based social media platform has experienced substantial volatility over Musk’s tweets that have placed widespread doubts on his acquisition efforts….