Elon Musk terminating $44 billion deal to buy Twitter

Elon Musk is terminating his $44 billion deal to buy Twitter, according to a new Securities and Exchange Commission filing

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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

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Fake accounts have become a sticking point in Musk's rollercoaster bid to acquire the social media platform

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In the filing on Friday, Musk's attorney claimed that Twitter "is in material breach of multiple provisions of that agreement

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appears to have made "false and misleading representations" when entering into the agreement.

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Twitter Chairman Bret Taylor responded Friday that the board is still committed to the terms of the agreement.

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