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Elon Musk has temporarily halted the Twitter deal, pending details supporting the calculation that spam and fake accounts do indeed represent less than 5% of users.
After confirming the $44 billion deal with Twitter’s board earlier this year, Musk may be reconsidering the deal.
Elon Musk Halts Twitter Deal on Spam Account Data
Twitter reported in a filing that the social media platform has less than 5% spam or fake accounts. However, Musk wants to conduct a detailed inquiry into the number of spam or fake accounts. In order to conduct the investigation, he has put the deal on hold for an uncertain period.
Elon Musk said in a tweet:
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.”
