Musk said his offer to buy the social media company was “based on Twitter’s SEC filings being accurate” and the company needs to provide more information on the number of fake accounts on the platform.
The “deal cannot move forward until he does,” Musk added.Twitter on Tuesday said it is committed to seeing the deal with Musk through at the agreed price and terms, Reuters
. The deal is subject to approval from Twitter shareholders and expected to close this year, the company told Reuters.The true number of fake and spam accounts on Twitter. Musk did not provide details on how he reached 20% and Twitter does not open its data troves for public inspection. Musk has his team is evaluating a random sampling of accounts following Twitter’s official account, though the approach is statistically questionable and the precise methodology employed to determine whether an account is fake is still not clear.Share prices for Twitter and Tesla. Twitter shares dropped around 2% in pre-market trading early Tuesday. Shares for Tesla, the electric carmaker Musk co-founded and leads, jumped nearly 4% in pre-market trading on Tuesday morning.
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