Elon Musk맥스카지노�s tumultuous $44 billion bid to buy Twitter is on the verge of collapse 맥스카지노� after the Tesla CEO sent a letter to Twitter's board Friday saying he is terminating the acquisition.The chair of Twitter's board, Bret Taylor, tweeted Friday that the board is 맥스카지노�committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.맥스카지노�Twitter could have pushed for a $1 billion breakup fee Musk agreed to pay under these circumstances. Instead, it looks ready to fight over the deal, which the company's board has approved and CEO Parag Agrawal has insisted he wants to consummate.The possible unraveling of the deal is just the latest twist in a saga between the world맥스카지노�s richest man and one of the most influential social media platforms. Much of the drama has played out on Twitter, with Musk 맥스카지노� who has more than 100 million followers 맥스카지노� lamenting that the company was failing to live up to its potential as a platform for free speech.On Friday, shares of Twitter fell 5% to $36.81, well below the $54.20 that Musk had offered to pay. Shares of Tesla, meanwhile, climbed 2.5% to $752.29.Musk lawyer Mike Ringler wrote in the letter to Twitter dated Friday that for nearly two months, Musk has sought data to judge the prevalence of 맥스카지노�fake or spam맥스카지노� accounts on the social media platform.맥스카지노�Twitter has failed or refused to provide this information. Sometimes Twitter has ignored Mr. Musk맥스카지노�s requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information,맥스카지노� the letter said. It also said the information is fundamental to Twitter맥스카지노�s business and financial performance, and it맥스카지노�s needed to finish the merger agreement.맥스카지노�From the beginning this was always a head scratcher to go after Twitter at a $44 billion price tag for Musk and never made much sense to the Street, now it ends (for now) in a Twilight Zone ending with Twitter맥스카지노�s Board back against the wall and many on the Street scratching their head around what is next,맥스카지노� Wedbush analyst Daniel Ives wrote in a note to investors after the letter was published.On Thursday, Twitter sought to shed more light on how it counts spam accounts in a briefing with journalists and company executives. Twitter said it removes 1 million spam accounts each day. the spam accounts represent well below 5% of its active user base each quarter. To calculate how many accounts are malicious spam, Twitter said it reviews 맥스카지노�thousands of accounts맥스카지노� sampled at random, using both public and private data such as IP addresses, phone numbers, geolocation and how the account behaves when it is active, to determine whether an account is real.Last month, Twitter offered Musk access to its 맥스카지노�firehose맥스카지노� of raw data on hundreds of millions of daily tweets, according to multiple reports at the time, though neither the company nor Musk confirmed this. Private data, which isn맥스카지노�t available publicly and thus not in the data 맥스카지노�firehose맥스카지노� that was given to Musk, includes IP addresses, phone numbers and location. Twitter said such private data helps avoid misidentifying real accounts as spam.Ringler also alleged that Twitter broke the agreement when it fired its revenue product leader and general manager of consumers, as well announcing the layoff of one-third of its talent acquisition team. The sale agreement, he wrote, required Twitter to 맥스카지노�seek and obtain consent맥스카지노� if it deviated from conducting normal business. Twitter was required to 맥스카지노�preserve substantially intact the material components of its current business organization,맥스카지노� the letter said.Musk맥스카지노�s flirtation with buying Twitter appeared to begin in late March. That맥스카지노�s when Twitter has said he contacted members of its board 맥스카지노� including co-founder Jack Dorsey 맥스카지노� and told them he was buying up shares of the company and interested in either joining the board, taking Twitter private or starting a competitor. Then, on April 4, he revealed in a regulatory filing that he had became the company맥스카지노�s largest shareholder after acquiring a 9% stake worth about $3 billion.At first, Twitter offered Musk a seat on its board. But six days later, Agrawal tweeted that Musk will not be joining the board after all. His bid to buy the company came together quickly after that.Musk had agreed to buy Twitter for $54.20 per share, inserting a 맥스카지노�420맥스카지노� marijuana reference into his offer price. He sold roughly $8.5 billion worth of shares in Tesla to help fund the purchase, then strengthened his commitments of more than $7 billion from a diverse group of investors including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison.Inside Twitter, Musk맥스카지노�s offer was met with confusion and falling morale, especially after Musk publicly criticized one of Twitter맥스카지노�s top lawyers involved in content-moderation decisions.As Twitter executives prepared for the deal to move forward, the company instituted a hiring freeze, halted discretionary spending and fired two top managers. The San Francisco company has also been laying off staff, most recently part of its talent acquisition team.