Elon Musk takes Twitter’s concern to Twitter

Elon Musk takes Twitter’s concern to Twitter

Elon Musk, the world's richest person, took his concern about Twitter Inc. to the social media site.

Musk said the deal to buy the company should proceed on original terms if Twitter would provide their method for sampling accounts and confirm that they were genuine. If their SEC filings are materially false, then it should not, he said.

Musk questioned the US Securities and Exchange Commission for not investigating Twitter's account data.

Musk is suing Twitter over the canceled $44 billion buyout. Musk has argued that Twitter checks only 100 accounts a day when trying to calculate the number of spam bots on the service.

Read more: Musk s Questions About Twitter Bot Problem Spur Race for Answer

Musk accuses Twitter of misrepresenting the size of its user base to distort its value, and cited the issue of fake accounts as a main reason for abandoning his offer to buy the company. The idea that Musk, backed by a team of lawyers and financial advisers, was as implausible as it sounds, according to Twitter. Musk's arguments for abandoning the deal were revealed in counterclaims filed in a Delaware court last week. Musk wants the judge to declare that Twitter is in breach of contract.

Musk originally agreed to pay $54.2 per Twitter share. Since then, the company s stock has plunged along with other technology stocks and now trades at $42.52 a share.

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