nice. the 23-year-old was born in moscow and played in the russia system until 2018 when financial issues led to her nationality switch. she s not a product. anyhow, elon musk s $44 billion bid to buy twitter is on the verge of collapse as the ceo mocks reports that twitter is preparing to sue him for dropping his bid to buy the company. overnight, musk tweeted a series of four photos of himself laughing with captions that read, they said i couldn t buy twitter. then they wouldn t disclose bot info. now they want to force me to buy twitter in court. now they have to disclose bot info in court. lawyers representing musk say twitter misled him and breached the initial groemt after he voiced his concerns about the number of spam bots on the site. twitter shares sharply in the
this deal ever really start? is was it ever really, well, real? did elon musk ever truly intend to buy out the company, and if he did, what happened? and now what happens? welcome, everyone, i m neil cavuto and happy weekend and not if you re a twitter shareholder on news that elon musk is quitting. the latest from kelly o grady out in los angeles on what went wrong. reporter: hey, neil. what a roller coaster, right? elon is claiming he has grounds to terminate the social platform because they failed to provide key information and that the company appears to have made misleading statements during their negotiations. now, this really all comes down to the number of spam bots on the platform. the reason bots are so important is musk has made no new attempts to grow the revenue, and that risks on act rests on active users. all indications suggest that several of twitter s public exposures are either false or
Private data, which isn t available publicly and thus not in the data “firehose” that was given to Musk, includes IP addresses, phone numbers and location. Twitter said such private data helps avoid misidentifying real accounts as spam.
reaction continues during the course of the weekend. thank you very much. just want to bring you a bit of breaking news because tesla ceo elon musk has said he is terminating the $41; billion deal to buy twitter, musk is citing the breach of multiple provisions of the agreement. the announcement brings to an end the saga, after mr musk clinched a deal to buy the social media in april, but then put the deal on hold until the company proved that spam bots accounted for less than 5% of its total users. he was suspicious that it might be more. so the twitter merger with tesla is dead. president biden has signed an executive order to help safeguard women s access to abortion. this is in response to the supreme court overturning the landmark ruling that made the procedure legal across
charles: #nodeal. shares of twitter dropping after reports that elon musk s bid for the company is falling. elon musk s twitter bid has been on hold for some time over this question of spam bots. the tech titan s team can t verify the claim that fake accounts make up 5% of users. sources say that we could expect drastic action from musk s team and the stock reflected that closing 5% down in trading and 32% lower than the deal price. it appears twitter is trying to get out in front of that. management is spooked. they said their team removes a million spam accounts each day. when asked how much new accounts that they add, that is the real