Billionaire Elon Musk is ending his planned $44 billion deal to purchase Twitter after saying the social media company has failed to provide information about the number of spam and fake accounts on the platform.

“Sometimes Twitter has ignored Mr. Musk’s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information,” Musk’s lawyers said in a filing with the Securities & Exchange Commission. 

He and Twitter agreed to the acquisition in late April. But in May, Musk put the deal on hold after demanding the social media platform reveal exactly how many of its users are bots and spam accounts. In a letter to Twitter the following month, his lawyers said Musk has the right to terminate the deal if the company fails to provide this information. 

Musk alleged (on Twitter) that the number of fake accounts could total 20%, quadruple Twitter’s estimate.... Read More: Market Place