Deal in Peril?
Elon Musk is considering to walk away from the Twitter deal over spam bots.
It was a 44 billion deal. The stocks were supposed to be purchased at a price of $54.20 per share.
Musk argues that Twitter under estimated the number of ‘spam bots’. Twitter’s public claim was that less than 5% are spam bots.
Observers feel that Twitter’s data on spam bots is not verifiable.
Twitter had offered access to raw data last month.
Speculation was sparked off by a report that ‘Musk team has stopped engaging in funding discussions’.