Elon Musk hints at renegotiating the value of Twitter deals

Elon Musk, the CEO of Tesla, has indicated that he may try to renegotiate the price of his Twitter purchase.

He said that executing the deal at a lower price “would be out of the question.”

Twitter shares fell 8.2% at the close of trading yesterday in New York.

The drop comes amid concerns that Musk may cancel the $44 billion deal.

Last week, Musk raised concerns about Twitter’s publicly available data on the percentage of fake and spam accounts on the social media platform.

Musk elaborated on this argument during a tech conference in Miami on Monday, estimating that fake Twitter accounts account for at least 20% of all accounts.

“What I’ve been told right now is that there’s no way to know how many robots there are,” Musk said at the conference.

This comes as Twitter reports every three months that spam accounts make up less than 5% of total users.

The 50-year-old US billionaire began buying Twitter shares in January and revealed a 9.2% stake in the company on April 4.

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