Musk's Twitter Deal In Danger: Reports

The team is preparing for a "change in direction"

San Francisco: The most powerful social media platform Twitter, shares slid late Thursday after a Washington Post report that Elon Musk's $44 billion deal to buy the social media giant is in danger.

Earlier, the world's richest man has expressed misgivings and even implied he could walk away from the deal over concerns about what he believes is an abundance of fake accounts.

According to the Post, despite that, Tesla owner Musk has been unable to pin down the percentage of Twitter accounts that are not genuine, despite being given access to internal data.

Meanwhile, Elon has made comments putting his commitment to the deal in doubt, the latest report cited an anonymous source saying his team is preparing for a "change in direction."

After the announcement of getting Twitter, the shares were already trading lower than the price offered by Musk and sank about four per cent on the news in after-market trades.

"The Twitter soap opera is coming to some sort of finale over the coming months as Musk decides to stay (with a lower price) or go," Wedbush analyst Dan Ives said in a note to investors.

"The Twitter deal has caused chaos at Twitter."

Ives expected Musk to reveal details of his fake account concerns in the coming weeks.

Last Month, during the Qatar Economic Forum, the Tesla owner said that his Twitter purchase remained held up by "very significant" questions about the number of fake users on the social network.

"So, we are still awaiting resolution on that matter and that is a very significant matter," the Tesla car and SpaceX exploration chief said via a video link to the gathering.