Elon Musk says he can cancel Twitter deal because the company is 'actively resisting' his efforts to study fake accounts
Business Insider
The Facts
Tesla and SpaceX CEO Elon Musk has threatened to end his $44B agreement to take over Twitter over what he called a "material breach" by the company, which accepted his bid in April.
In a letter to Twitter chief legal officer Vijaya Gadde, Musk's lawyers accused the social media platform of "actively resisting and thwarting" the billionaire from accessing data about how many fake accounts populate the site.
The Spin
Narrative A
Let's hope the Twitter board holds him to this deal because Musk should be held to the same standards as everyone else. Musk was fully aware of Twitter's bots from the beginning - the fact that he's only now making it a point of quarrel is a manipulative attempt to wiggle out of the deal given the recent slide in tech valuations.
Narrative B
Musk knows firsthand the beating tech stocks are taking and he's well within his right to slow-walk things and see if he can get a better deal with the change in the economic environment over the past couple of months. Besides, he should be granted access to all pertinent information before being forced to close the purchase.
