IOTA : Price Drops as Co-Founder Admits: Microsoft is Not a Partner But a Participant

Amidst controversy surrounding the nature of the partnership between Microsoft and IOTA, the IOTA Foundation has clarified that it does not have a strategic partnership with Microsoft.
However, the price of IOTA has dropped by more than 13 percent over the past few hours, falling behind Ripple and Litecoin. The recent price drop of IOTA is notable because following the statement of Naik and the participation of Microsoft, the market valuation of IOTA increased from $2.95 billion to $13 billion.