Elon Musk says Twitter deal 'temporarily on hold'

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Elon Musk said Friday that his planned US$44 billion purchase of Twitter is 'temporarily on hold' pending details on spam and fake accounts on the social media platform, another twist amid signs of internal turmoil over the proposed acquisition.

Elon Musk said Friday that his planned US$44 billion purchase of Twitter is "temporarily on hold" pending details on spam and fake accounts on the social media platform, another twist amid signs of internal turmoil over the proposed acquisition.

"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk said, indicating he's skeptical that the number of inauthentic accounts is that low. Investors have had to weigh legal troubles for Musk, as well as the possibility that acquiring Twitter could be a distraction from running the world's most valuable automaker.

Source: News Formal (newsformal.com)

 

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