Technology & Science

The Twitter deal faltered for this strange reason

In a big surprise, American billionaire Elon Musk announces the disruption of his acquisition of the social networking site Twitter, due to the presence of a large number of fake accounts on the site, which prompted Musk to request an estimate of their number, and the price offered by him may be reconsidered.

Immediately after announcing the deal had been disrupted, Twitter’s stock fell 19%, and Hindenburg Research, a short-selling company, previously warned that Elon Musk’s $44 billion offer to acquire Twitter’s private could be repriced lower if the billionaire withdraws from the deal. 

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