Why did Elon Musk change his mind about buying Twitter?

After much hype about buying Twitter, Elon Musk now wants to scrap the deal but experts warn it’s not that simple to walk away

Why did Elon Musk cancel the Twitter deal?

Musk is one of the richest people in the world.

And after much hype about taking over social media giant Twitter,

he now says he changed his mind.

He says the company has not complied with its obligations to share data and information. 

And has accused Twitter of making “false and misleading representations” through a prevalence of fake accounts.

Experts say that Musk doesn’t have the necessary legal ground to break off the US $44 billion dollar deal. And will most likely be fined a large sum.

Following the news, twitter said it plans to sue.

Elon Musk who is the CEO of Tesla and Space X initiated the deal to buy Twitter back in April

But it’s not only fake accounts that’s bothering Elon Musk who bought Twitter for around 54 dollars a share, and now shares are currently trading at 37 dollars.

Tech stocks have fallen in general

Twitter is clearly one of the most influential social media applications in the world.

And many call for it to be a platform for “free speech”

So it’s next owner, whether Elon Musk or not needs to be someone who signifies those values.