After getting tough on Tesla workers last week, Elon Musk is turning the heat up on Twitter’s management, increasing the likelihood he could pull out of his $44bn takeover of the social media company.
In a letter to Twitter’s chief legal officer, disclosed in a regulatory filing on Monday, Musk’s lawyers claimed the company’s failure to provide more detail on bots and other fake accounts amounted to “a clear material breach” of the takeover agreement.
The billionaire has been critical of Twitter’s assertions that less than 5 per cent of its monetisable daily active users were bots or scammers. His legal team said Twitter had “refused to provide the information that [he] has repeatedly requested since May 9” on the issue.
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