Twitter shares slumped on Friday, following a Washington Post report that indicated Elon Musk's $44 billion takeover bid for the social media company is in "serious jeopardy".
The report suggested that Musk remains convinced that Twitter is not being transparent with respect to its calculations of spam or fake accounts. According to the report, Musk is still not certain about the percentage of Twitter accounts that are not genuine despite having been given access to internal data.
The Post mentioned Musk could take "drastic action" with respect to the deal soon. Nevertheless, the report also seemed to indicate that the legal rigmarole as well as the $1 billion break-up fee associated with the proposed takeover add complexity to Musk’s challenge.