Elon Musk to Twitter, You’re Fired!

Elon Musk said in a letter to Twitter Inc. that he is “terminating” their $44 billion agreement, though the chairman of the social media company’s board said they’re committed to closing the deal at the same price and would explore legal action if necessary. The deal was reported to be on shaky ground earlier in the week as Musk and his advisers determined that the company’s data on the number of spam accounts is not verifiable and so prevents them from properly assessing its business prospects, according to three people familiar with the matter. One of the people said Musk stopped engaging in some funding discussions, including with one likely backer.