The $44 billion Elon Musk-Tweeter deal has been revived, making the social media app stock surge 22%. It is said that the Tesla CEO is doing it to stay away from the trial.
Tech mogul Elon Musk has said that the $44 billion deal to buy Twitter can t go forward unless the company shows that less than 5 per cent of accounts on the platform are fake or spam. 20 per cent fake/spam accounts, while 4 times what Twitter claims, could be much higher. My offer was based on Twitter s SEC filings being accurate, Musk said in a tweet on Tuesday. Yesterday, Twitter s CEO publicly refused to show proof of 5 per cent. This deal cannot move forward until he does, he added.