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Musk says Twitter deal should go ahead if it provides proof of real accounts

Stock Markets Aug 06, 2022 04:55AM ET

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Musk says Twitter deal should go ahead if it provides proof of real accounts

© Reuters. FILE PHOTO: An image of Elon Musk is seen on smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Elon Musk said that if Twitter Inc (NYSE:TWTR). could provide its method of sampling 100 accounts and how it confirmed that the accounts are real, his $44 billion deal to buy the company should proceed on its original terms.

"However, if it turns out that their SEC filings are materially false, then it should not," Musk tweeted early on Saturday.

In response to a Twitter user asking whether the U.S. SEC was probing "dubious claims" by the company, Musk tweeted "Good question, why aren't they?".

Twitter declined to comment on the tweet when contacted by Reuters.

Twitter on Thursday dismissed Musk's claim that he was hoodwinked into signing the deal to buy the social media company, saying that it was "implausible and contrary to fact".

"According to Musk, he — the billionaire founder of multiple companies, advised by Wall Street bankers and lawyers — was hoodwinked by Twitter into signing a $44 billion merger agreement. That story is as implausible and contrary to fact as it sounds," the filing released by Twitter on Thursday said.

Musk filed a countersuit Twitter on July 29, escalating his legal fight against the social media company over his bid to walk away from the $44 billion purchase.

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Comments (10)

Nils Hullmann Aug 07, 2022 4:46AM ET

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leftwing MSM botfarm

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gab nea Aug 06, 2022 10:36PM ET

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how many bot are on here?

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Scot House Aug 06, 2022 8:55AM ET

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Fake accounts everywhere on twitter. Just punch in a search term. Especially a political one. You will see that term in the same exact tweets from multiple accounts. Fakes everywhere.

2 1

G D Aug 06, 2022 8:22AM ET

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Musk about to get his reality check

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gab nea Aug 06, 2022 8:14AM ET

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musk must have got lucky with tesla and SpaceX. no normal businessman acts like this guy!

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Randall Paul Aug 06, 2022 8:13AM ET

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good. they will fail. too many bots and why I don't use Twitter anymore. fake accounts everywhere

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Prabhat Negi Aug 06, 2022 7:50AM ET

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twitter has just recently started blocking new accounts till the time they manually pass a quiz. what about in the past ..how many bot and spam accounts were created.. there is no way of knowing it now.

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gab nea Aug 06, 2022 7:50AM ET

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musk knows this now and didnt know it before signing? is that how due diligence is done? I am surprise he makes any money at all!

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Optimum integrated Services Aug 06, 2022 7:40AM ET

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Twitter can never provide real account, so therefore I don't think the deal will proceed

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Joardan Pablo Aug 06, 2022 6:38AM ET

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hahahah

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adriaan kuhn Aug 06, 2022 4:42AM ET

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why isnt the SEC investigating Musk himself for market manipulation through tweets?

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