Phony Stark aka Elon Musk Officially Attempts to Bail On Twitter Bid

July 11, 2022

Elon Musk has officially declared that he is backing out of his agreement to purchase Twitter, citing that the social company made “false and misleading” statements during negotiations.

On Friday(July 8th), the billionaire and his team filed a motion with the Securities and Exchange Commission stating that they were terminating the agreement with the social media platform. They claim that Twitter was in “material breach” of the previous agreement where Musk would buy the company for $44 billion. “For nearly two months, Mr. Musk has sought the data and information necessary to ‘make an independent assessment of the prevalence of fake or spam accounts on Twitter’s platform,’” his legal team wrote in the filing. “Twitter has failed or refused to provide this information.”

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