Twitter Deal In Jeopardy?
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A new report is now outlining that Elon Musk’s Twitter deal may fall through.
According to the report Musk’s team is no longer talking about funding.
Tesla and SpaceX CEO Elon Musk’s $44 billion deal to purchase Twitter maybe in serious jeopardy, according to a Thursday report.
People familiar with the proceedings told The Washington Post that Musk’s team has stopped having discussions about funding.
Musk’s team in recent weeks has tussled with the social media platform over “spam bots” and has threatened to walk away from the deal if the company can’t show that less than 5% of its daily active users are automated spam accounts.
Twitter continues to claim less than 5% of its users are bots.
Twitter stock rose as much as 3.4 percent on July 7 after executives reiterated that spam bots represent fewer than 5 percent of users.
In a conference call, company officials told the press that the social network conducts manual reviews of thousands of accounts each quarter to come up with its 5 percent figure, according to Reuters. In addition, the company utilizes various components to determine the number of spam bots, such as confirming telephone numbers and IP addresses.
