Elon Musk Changed His Mind About Buying Twitter

Elon Musk will not buy the social network Twitter. He publicly announced the termination of the deal for $44 million. The reason for the refusal was the violation of the terms of the deal.

Musk accuses Twitter of hiding information about fake accounts and inflated data about the audience of the social network. But the Twitter board of directors is even ready to go to court to force Musk to fulfill his obligations and close the deal on the agreed terms.

Despite people’s love, Twitter is clearly going through hard times – the company’s shares declined by 28% as soon as it became known that Musk was going to buy it. Its shareholders have already sued Musk for market manipulation.

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