July 9, 2022

The letter sent to the SEC

Elon Musk announced that he terminated the deal to buy Twitter he signed at the end of April 2022 for a value of approximately $44 billion. The billionaire claims that the social network executives didn’t provide the data required by the agreement, in particular those relating to the fake profiles used by spammers. His position was explained in a letter sent on his behalf by a lawyer to the Securities and Exchange Commission (SEC), the authority that oversees the American stock exchange. Twitter executives have announced plans to sue Elon Musk, so the story is far from over.