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The announcement that Elon Musk would stop buying Twitter sparked mixed reactions on social media;
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Nearly three months ago, Musk reached an agreement to buy the social network for $44 billion.
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As for the SEC, Musk said there was a violation of several provisions of the agreement.
Announcing that Elon Musk, CEO of Tesla and SpaceX, Give up buying Twitterlast Friday (8), raised many feelings among Internet users on social networks.
According to the businessman, the reason for the withdrawal was due to the lack of sufficient information provided by the platform regarding the number of spam and lost accounts.
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“Mr Musk is terminating the merger agreement because Twitter is effectively in violation of various provisions of that agreement, appears to have made false and misleading representations that Mr.
The withdrawal comes nearly three months after it was announced that the billionaire had reached an agreement with Twitter’s board of directors to buy the company for $44 billion.
In early June, Musk’s lawyers sent a letter to the Securities and Exchange Commission in which Kotb requested an assessment of the number of fake accounts out of the 229 million accounts on the platform.
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Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.