The business deal between Twitter and Elon Musk caught the attention of the people. Once again business deals are in the headlines. Actually, Musk is constantly sharing bot accounts (fake accounts) on Twitter.
Social media stocks have fallen nearly 4 percent according to the report, creating uncertainty about the prospects of a $44 billion deal. According to the report, Musk’s team said that Twitter could not verify its data on spam accounts. After this the deal is in jeopardy.
For now, the discussion on the deal has been ‘closed’. The report, quoting people familiar with the matter, said that the Tesla chief’s interference has put the business deal in grave danger.
At the same time, after other reports, there has been a stir in the market regarding the deal, after which a Twitter spokesperson clarified that Twitter has shared information with Musk to complete the transaction according to the terms of the deal. Has continued and will continue. “We believe this agreement is in the best interest of all shareholders,” he said. We intend to close the deal and enforce the merger agreement at the agreed price and terms.
Significantly, Twitter’s share prices have fallen since the beginning of this year due to the statements of the world’s richest man Elon Musk. At the same time, despite being given internal data access, Musk’s team has not been able to give the exact figure of the bot account on the microblogging site. Amid speculation of uncertainty over the deal, Twitter said it was removing one million spam accounts daily. PLC/GT