Elon Musky trying to bail on Twitter

Elon Musk is trying to bail on his $44 billion agreement to purchase Twitter.
Musk’s team claims Twitter was in breach of their agreement during negotiations because they failed or refused to provide them with proper data.
Specifically the issue is regarding the amount of bots on the platform
Twitter claims bots represent about 5% of their userbase, whereas Musk’s number is closer to 20%.
Another likely reason for the pullback is that Musk is trying to get a better price.
Twitter is overall a very overvalued company with about a 160:1 market cap to earnings ratio.
And right now Twitter’s market cap is $28 billion, far less than Musk’s $44 billion purchase agreement.

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