Musk Declares $44 Billion Twitter Takeover 'On Hold'

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Musk Declares $44 Billion Twitter Takeover 'On Hold'
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Elon Musk tweeted that his $44 billion takeover of Twitter Inc. is “temporarily on hold” as he awaits data on its proportion of fake accounts

lon Musk tweeted that his $44 billion takeover of Twitter Inc. is “temporarily on hold” as he awaits data on its proportion of fake accounts, sending the social media giant into a tailspin.

Twitter said in a previous filing “that the average of false or spam accounts during the first quarter of 2022 represented fewer than 5% of our monthly daily active users during the quarter.”

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