Home » Technology » the company considers the abandonment of Elon Musk “invalid and unjustified”

the company considers the abandonment of Elon Musk “invalid and unjustified”

Nothing is going well between Twitter and Elon Musk. While a few weeks ago, the American multi-billionaire had considered and initiated the process of taking over the company for the tidy sum of $44 billion, he recently announced that he had terminated the agreement with the board of directors. In particular, he criticized Twitter executives for pointing out information to him “false and misleading“about the company.

This Monday, July 11, the edge of Twitter claimed that this abandonment was “invalid and unjustified“. In a letter addressed to the representatives of Elon Musk and published on the site of the American authority of the financial markets, the social network thus indicated to have filled all obligations under the agreement concluded in April and demanded that the leader of Space X keep his commitment.

In addition, Twitter assured that it had transmitted the information requested by the boss of Tesla concerning the number of inauthentic accounts on its platform, which he claims to be less than 5%. After the announcement of Elon Musk’s withdrawal, the company’s stock fell sharply on the New York Stock Exchange on Monday. Its price has gone down to 32.65 dollars, or 40% less than what the entrepreneur had offered when he announced his intention to get his hands on Twitter.

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