Elon Musk is formally attempting to tug the plug on the $44 billion deal to purchase Twitter. In an , Musk’s attorneys mentioned the Tesla CEO needs to terminate the settlement due to “false and misleading representations” made by Twitter.
Twitter and Musk have been squabbling for months over how the corporate counts the variety of bots and pretend accounts on the platform. In the letter filed with the SEC, Musk’s attorneys state that Twitter has each withheld data and misled Musk in regards to the true numbers.
Twitter has lengthy acknowledged that pretend accounts make up lower than 5 p.c of its whole customers, and it turned over a few of its inner knowledge to Musk to bolster these claims. In the SEC submitting, Musk’s attorneys state that “it appears Twitter is dramatically understating” the quantity.
Twitter didn’t instantly reply to a request for remark.
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