Everyone seems to be surprised that #ElonMusk had backed out of the much-hyped $44 billion Twitter deal.
Remember this tweet? As early as May 2022, he had hinted about abandoning the deal if Twitter bots were not less than 5% of total users.
This is what #Twitter had to say a day before the Tesla CEO pulled the plug on the deal.
Source: apnews.com/article/elon-m…
As per Musk's ardent fan from India @PPathole, the lack of transparency in the counting of bot accounts is to be blamed for the fallout of the #TwitterDeal.
He also alleged that bot accounts comprised more than 5%, and therefore called for a re-negotiated deal.
. @elonmusk seems to have other justifications too.
Source: reuters.com/technology/elo…
Lastly, the contract signed between Elon Musk & Twitter shareholders called for a $1 billion breakup fee, provided the Tesla CEO failed to honour the deal.
This included reasons such as blockade of the deal by regulators or lack of acquisition financing.
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