Billionaire Elon Musk has pulled out of a deal to buy Twitter for 44 billion dollars.
Musk is the owner of SpaceX and the electric car company Tesla. He is believed to be the world’s richest man.
Musk has blamed broken promises made as part of the deal’s agreement and says that the social media platform failed to provide information about fake accounts as requested.
Musk, who himself has just under 100 million followers on Twitter, became interested in buying the company this year.
He said he wanted to make changes to Twitter, relaxing content restrictions – letting people have more freedom to say whatever they want.
Mr. Musk had previously threatened to end the deal unless Twitter proved that spam and fake bot accounts were fewer than five percent of users on the platform.
Last month, Twitter gave Mr. Musk access to data that the company has on hundreds of millions of daily tweets.
Even if the deal doesn’t go ahead Musk still has to pay a $1bn fee for not going through with buying the social media company.
