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Elon Musk refuses to elaborate on his axed Twitter takeover

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Elon Musk refuses to elaborate on his axed Twitter takeover as he attends summit dubbed the ‘billionaire’s summer time camp’

Elon Musk refused to elaborate on his axed Twitter takeover this weekend as he attended a summit dubbed the ‘billionaire’s summer time camp’. 

The Tesla tycoon repeated claims concerning the prevalence of pretend accounts on the platform on the Allen & Co Solar Valley Convention in Idaho on Saturday however didn’t develop on the deal. 

Flying the coop: Elon Musk deserted his £36.5billion takeover of Twitter over what he claimed had been ‘false and deceptive representations’ from the social media website

On Friday he deserted his £36.5billion takeover of Twitter over what he claimed had been ‘false and deceptive representations’ from the social media website. 

Representatives for Musk knowledgeable the US Securities and Trade Fee that Twitter had failed to supply data on the way it assessed the variety of spam accounts on the platform. 

However Twitter boss Bret Taylor insisted the board was ‘dedicated to closing the transaction’ and ‘plans to pursue authorized motion to implement the merger’. 

Musk says as many as 20 per cent of Twitter’s 330m accounts had been counterfeit, not the 5 per cent determine that Twitter claims. Specialists predict Twitter’s worth might plunge by as a lot as 30 per cent as we speak when inventory markets reopen.

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