Elon Musk agreed to buy Twitter for $44 billion in April, but announced on July 8 he wants to abandon the deal.
Twitter said in its Q2 earnings report Friday it has already incurred $33 million in costs related to its"pending acquisition" by Musk.
Twitter also partially blamed a 1% drop in revenue on"uncertainty" caused by Musk's turbulent acquisition.to help it sue Musk with the aim of forcing him to adhere to his original agreement and buy the company.. In its regulatory filings Twitter says roughly 5% of accounts are fake, but Musk's lawyers said the Tesla billionaires' analysis shows the figure is"wildly higher than 5%.
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