Shares of Twitter Inc. TWTR, -2.81% sank 5.0% in premarket trading Monday, after Elon Musk disclosed that he reiterated his request for information as he evaluates the number of spam and fake accounts on the social media company's platform.
Tesla's stock rallied 3.5% in premarket trading.
"As Twitter's prospective owner, Mr. Musk is clearly entitled to the requested data to enable him to prepare for transitioning Twitter's business to his ownership and to facilitate his transaction financing," the letter stated.
"To do both, he must have a complete and accurate understanding of the very core of Twitter's business model-its active user base." Musk said Twitter's refusal to provide the information makes him suspicious, and raises concerns over what he might uncover from the requested information.
Twitter's stock has shed 7.1% year to date through Friday, while the S&P 500 SPX, +0.79% has lost 13.8%..
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
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