Musk agreed to a $1 billion breakup fee as part of the buyout agreement, but it looks like Twitter is settling in for a legal fight.
NEW YORK — Shares of Twitter slid more than 6% at the opening bell Monday after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement.
Musk alleged Friday that Twitter has failed to provide enough information about the number of fake accounts it has. However, Twitter said last month that it was making available to Musk a “fire hose”
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