Elon Musk puts Twitter deal "temporarily on hold" pending details on fake accounts


The deal that would make Elon Musk owner of Twitter is “temporarily on hold” pending details on fake accounts. The wealthy entrepreneur himself announced this. He first wants additional details about the number of fake accounts on Twitter.


In late April, Twitter announced that Musk would buy the platform, in a deal worth about $44 billion. Musk is the richest person on Earth. His net worth mainly consists of shares in electric car manufacturer Tesla and his space company SpaceX. He would therefore need credit for the takeover of Twitter.

“Twitter deal temporarily on hold pending details to support calculation that spam/fake accounts do indeed account for less than 5 percent of users,” Musk tweeted Friday.

He cites a Reuters article in the report that says Twitter estimates that fake accounts and spam accounts accounted for less than 5 percent of its daily active users in the first quarter.

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