Elon Musk said he would walk away from his $44 billion deal to buy Twitter unless the social media firm proves that less than 5% of its user accounts are fake or spam. “This deal cannot move forward,” unless Twitter proves its claims, the controversial billionaire said in a tweet . The latest salvo in the twisting saga further raises speculation that Musk may be seeking to lower his offer...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
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