Out of office

Out of Office: Twitter shares slide as Musk casts further doubts on deal; C&C reports 88% rise in revenues

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Elon Musk declared he won’t proceed with his $44 billion takeover of Twitter unless the social media giant can prove bots make up fewer than 5 per cent of its users, casting yet more uncertainty over the deal. The billionaire tweeted “this deal cannot move forward” unless Twitter provides proof of its claims, reiterating his own view that the ratio is far higher. Twitter’s shares fell another 3.2 per cent in pre-market trading in New ...