Families look for ways to pay for college without loans

Good morning, Daily Money readers. It’s Jayme Deerwester here with you on this Monday morning.

So just as we were all about to call it a week on Friday, Elon Musk announced he’s walking away from his deal to buy Twitter.  But can he?

According to the filing with the SEC on April 25, the deal calls for Musk to pay Twitter a $1 billion breakup fee if he terminates the deal. And Twitter may be able to force Musk to complete the deal, legal observers say.

At issue is whether the prevalence of bots on the social media platform is “fundamental to Twitter’s business and financial performance” as Musk’s lawyers have argued.

“The question is whether or not this is really material information,” UCLA law professor James Park said. “It should be fairly obvious that there’s potentially fake spam accounts at a company like Twitter.”

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