Elon Musk Puts Twitter Deal On ‘Temporary Hold,’ Here’s Why

Source: AP Photo/Chris Carlson, File


Billionaire Elon Musk tweeted Friday morning that the Twitter deal hit a snag.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” he tweeted, linking to a Reuters article.

According to the report, “Twitter Inc (TWTR.N) estimated in a filing on Monday that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter.”

Musk, who bought Twitter last month for $44 billion, said a top priority for him would be the elimination of “spam bots.”

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