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Benzinga
Benzinga
Business
Adam Eckert

Elon Musk Sends Letter To Twitter: Here's Why The Social Media Stock Is Sliding

Twitter Inc (NYSE:TWTR) shares are trading lower Monday after Tesla Inc (NASDAQ:TSLA) CEO Elon Musk indicated that the social media company breached obligations under the merger agreement by not offering adequate information on bot accounts.

Musk has accused Twitter of "actively resisting and thwarting his information rights" under terms of the agreement, according to a letter the Tesla CEO sent to Twitter on Monday.

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