Musk says a Twitter deal at a lower price is “not out of the question”

In April Elon Musk made a bid to acquire Twitter at $54.20 a share (valuing the company at $44 billion). However, the deal has now been put on hold after Musk has expressed doubt that the proportion of spam/fake accounts is less than 5% as Twitter claims. “This deal cannot move forward” until Twitter shows proof for the sub-5% number, tweeted Musk.

Musk claims that the original deal was made based on Twitter’s SEC filings, which state that the fake accounts make up 5% or less of the active user base. However, if that proportion is higher, it will impact the company’s bottom line.

20%…

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