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Elon Musk says Twitter deal shouldn’t go ahead if the company’s SEC filings are false

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Tesla and Space X owner Elon Musk has said that his takeover deal to buy Twitter should be able to proceed on its original terms, provided that Twitter could verify its method of sampling 100 accounts and illustrate how they prove the accounts are genuine.

“However, if it turns out that their SEC filings are materially false, then it should not,” Musk tweeted on Saturday morning. He also questioned why the SEC wasn’t probing the “dubious claims” made by the company, after the issue was brought up by another user.

Twitter on Thursday dismissed Musk’s allegation that he was duped into signing the deal to buy them, stating that it was “implausible and contrary to fact.”

“According to Musk, he — the billionaire founder of multiple companies, advised by Wall Street bankers and lawyers — was hoodwinked by Twitter into signing a $44 billion merger agreement. That story is as implausible and contrary to fact as it sounds,” Twitter said in filings released on Friday.

Musk filed a counter lawsuit against Twitter on July 29th, which, if successful, would allow him to walk away from the $44 billion deal to buy Twitter.

Musk also started a new poll on his Twitter page regarding the authenticity of its users. Users were poll on whether or not they believe that “Less than 5% of Twitter daily users are fake/spam.” The two options users had to choose from were “Yes,” with robot emojis or “Lmaooo No.”

ARTICLE: PAUL MURDOCH

MANAGING EDITOR: CARSON CHOATE

PHOTO CREDITS: CNBC

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Paul Murdoch

Paul, 37, is from Scotland in the UK, but currently lives and works in Bangkok. Paul has worked in different industries such as telemarketing, retail, hospitality, farming, insurance, and teaching, where he works now. He teaches at an all-girls High School in Bangkok. “It’s a lot of work, but I love my job.” Paul has an active interest in politics. His reason for writing for FBA is to offer people the facts and allow them to make up their own minds. Whilst he believes opinion columns have their place, it is also important that people can have accurate news with no bias.

Paul, 37, is from Scotland in the UK, but currently lives and works in Bangkok. Paul has worked in different industries such as telemarketing, retail, hospitality, farming, insurance, and teaching, where he works now. He teaches at an all-girls High School in Bangkok. “It’s a lot of work, but I love my job.” Paul has an active interest in politics. His reason for writing for FBA is to offer people the facts and allow them to make up their own minds. Whilst he believes opinion columns have their place, it is also important that people can have accurate news with no bias.

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