Elon Musk says his deal to buy Twitter for $44 billion is ‘on hold’ – for now, at least.
On Friday, Musk tweeted that he wanted more details on a report that fake accounts or bots make up less than 5% of active Twitter users.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Musk has previously said that getting rid of bots and spam would be a top priority once he takes over. Musk’s announcement sent Twitter’s stock price tumbling 20% early Friday morning. Musk followed up with another tweet saying that he was still committed to the acquisition of the company.
Twitter’s fake account problem could be worse than what the company acknowledges, which could mean that the value of the company is over-inflated.
