Billionaire reportedly tells social media employees he could not rule out bankruptcy, two weeks after buying it for $44 billion — a deal that credit experts say has left Twitter's finances in a precarious position.
Musk told investors he will get rid of three-fourths of the social media firm’s 7,500 workers, Washington Post reports.
The lawyers argued that the core dispute over false and spam accounts is fundamental to Twitter's value, is extremely fact- and expert-intensive, and will require substantial time for discovery.
Musk had threatened to halt the deal unless the company showed proof that spam and bot accounts were fewer than 5 percent of users who see advertising on the social media service.
Concerns are growing over the surge of Twitter profiles in Asia that bare the hallmarks of fake accounts, but Twitter says it has noticed nothing untoward.
If these AI bots take a trip to Mars, they'll be able to talk about the weather.
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