— Elon Musk (@elonmusk) July 11, 2022
This in reference to the request that the businessman has made to the social network, where he points out that more than 5% of the platform’s users are bots and therefore it is not convenient to acquire the company.
Elon Musk has been looking for a pretext for the purchase agreement between him and Twitter to be broken, however, with the statement from the social network, who admitted to deleting 1 million spam accounts every day the employer wants to reverse the agreement.
After this image, he decided to tweet a picture of actor Chuck Norris playing chess with a single pawn on his side of the board, and a full set of pieces on the other side, and captioned it: “Chuckmate.”
The Tesla leader’s lawyer said that after the revelation of the bots issue, Twitter falls “in material breach of multiple provisions” of the original agreement.
However, the company has already ruled on what Musk has said: “We are committed to closing the transaction at the price and terms agreed with Mr. Musk and we plan to take legal action to enforce the merger agreement. We are confident that we will prevail in the Delaware Court of Chancery.”
Twitter shares fell on Monday after Musk pulled out of the deal. The shares fell 6.6% to $34.40 at 9:38 am, on track to wipe out about $1.8 billion in market value. Shares of Tesla, the electric car maker led by Musk, fell about 1%.
Additionally, the social network stock has been trading well below the 54.20 offer Musk made in April. The billionaire alleges that Twitter misrepresented user data, saying the number of spam bots on the platform is much higher than what the company has disclosed. Stocks have also been falling along with the tech sector amid rising interest rates.
This is a total of 31% since Musk’s initial Twitter holdings were revealed in April.
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