Elon Musk said his $44 billion bid for Twitter Inc. TWTR -8.18% can’t move forward until the company is clearer about how many of its accounts are fake.
In a tweet early Tuesday, Mr. Musk said, “yesterday, Twitter’s CEO publicly refused to show proof of <5%.”
“This deal cannot move forward until he does,” he said.
He added: “20% fake/spam accounts, while 4 times what Twitter claims, could be much higher.”
He said his offer “was based on Twitter’s SEC filings being accurate.”
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