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Twitter says Musk is ‘conjuring’ excuse to escape takeover deal - The Guardian US

Twitter says Musk is ‘conjuring’ excuse to escape takeover deal - The Guardian US

Aug 05, 2022 39 secs

In a filing made public on Thursday, Twitter called Musk’s arguments for abandoning the deal “a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive once the stock market and along with it, his massive personal wealth, declined in value”.

The current standoff began after Musk claimed Twitter was not forthcoming about the problem with spam bots on the platform, citing it as his reason for abandoning the deal.

The social media firm had claimed spam accounts made up less than 5% of more than 200 million users but Musk insisted that the number was higher and accused Twitter of withholding information on the problem.

At the same time, the response says, Musk also accused Twitter of breaching their agreement by “stonewalling” his information requests.


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