(AFP) Elon Musk’s $44 billion agreement to buy Twitter fell on Thursday after a Washington Post story.
The richest person in the world has said he is worried about fake accounts and hinted that he could back out of the deal.
Musk has access to internal data, but he hasn’t been able to determine how many Twitter accounts are fake.
A new story claims Musk has already expressed doubts about the acquisition, but a new story claims his team is preparing for a “change in course.”
Twitter shares, which were already trading below Musk’s offer, fell 4% after-market.
Wedbush analyst Dan Ives said Musk would decide soon whether to stay (at a cheaper price) or leave.
Twitter’s transaction generated turmoil.
Ives expects Musk to publish phoney account details soon.
Musk said his Twitter purchase was stalled by “extremely big” worries regarding bogus users.
“We’re still expecting resolution on that topic, and it’s quite important,” Musk stated through a video link.
Musk disagrees with Twitter’s claim that less than 5% of accounts are fake.
Musk questioned Twitter’s debt.
Ives said Musk’s chances of buying Twitter are limited.
Wedbush put the odds of a lower price at 60%, leaving the door open for Musk to walk away with merely a $1 billion breakup fee.
