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Elon Musk Believes 20% of Twitter Accounts are Fake, $1 Billion Cancellation Fee But Twitter Board to Enforce $44 Billion Deal

20th May 2022 | Hong Kong

Elon Musk is doing due diligence of his $44 billion takeover of Twitter and believes 20% of Twitter accounts are fake and not 5% as claimed by Twitter.  Elon Musk had implied that he is putting the deal “on hold”, prompting a reply from Twitter board that they will enforce the deal.  Elon Musk $44 billion takeover of Twitter comes with a $1 billion cancellation fee (payable to Twitter) should he decides to terminate the takeover of Twitter.   Elon Musk is the world’s richest man with around $280 billion personal fortune, and is the CEO of Tesla and SpaceX. 

“ Elon Musk Believes 20% of Twitter Accounts are Fake, $1 Billion Cancellation Fee But Twitter Board to Enforce $44 Billion Deal “

 

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Yahoo Finance: Twitter executives say deal with Elon Musk is not ‘on hold’

 

WSJ: Elon Musk says Twitter deal temporarily on hold

 

CNBC: Elon Musk says Twitter deal temporarily on hold




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