What is the dispute between Elon Musk and Twitter
There was a dispute between CEO of Tesla Motors, Alon Musk (One of the richest person in the world) and Twitter for a long time for the Twitter deal. Musk had proposed $54.20 per share to purchase Twiter and a final deal for 44billion dollars was finalized but due to the dispute between both of them could not take place.
From the media reports, Musk has asked Twitter to furnish information about fake and spam accounts but he was not given a proper reply by Twitter. Musk told the media that Twitter has about 5% fake accounts but the experts say that the company has not told the correct information since the same is manyfold more than what has been projected. He accused Twitter of hiding the information.
Musk who claimed himself to be a supporter of Free Speach wanted to change the working of Twitter. He said he wanted to make it a better platform for freedom of speech and expression.
Now Twitter has filed a case against Alon Musk for canceling the deal and the case is now pending in courts of US. Twitter has accused Musk of fraud and accused of not fulfilling his responsibilities.
Alon Musk sustained huge losses due to canceling the deal. Musk has to pay a one billion break fee. The deal is framed in such terms that it has to be completed. This is the reason that Musk has indicated reviving of the deal and bringing an end to the legal battle between both companies.