Elon Musk Cancels Bid to Buy Twitter

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Tesla CEO Elon Musk on Friday announced that he was canceling plans to purchase social media giant Twitter, citing the company’s failure to produce information on fake accounts.

Musk sent a letter to Twitter’s board of directors on Friday announcing he would not acquire the company. He told the Securities and Exchange Commission that Twitter has “not complied with its contractual obligation,” according to the Associated Press.

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