Elon Musk said Friday that his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts on the social media platform.
Elon Musk said on Friday he was putting a temporary halt on his much-anticipated deal to buy Twitter for $44 billion, sending shares in the social media giant plummeting.
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” the Tesla CEOIn his tweet, the billionaire included a link to a May 2 Reuters article quoting Twitter’s filing on Monday. “Twitter Inc estimated in a filing on Monday that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter,” the Reuters article said.
Musk told a Financial Times conference Tuesday that Twitter’s decision to ban former President Donald Trump was “morally bad.”Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users
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Elon Musk says Twitter deal 'temporarily on hold'LONDON (AP) — Elon Musk said Friday that his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts on the social media platform. The announcement that the Tesla billionaire tweeted is another twist amid signs of internal turmoil over his planned buyout of Twitter, including that the social media company fired two of its top managers Thursday.
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Elon Musk says Twitter deal 'temporarily on hold'BREAKING: Elon Musk said that his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts on the social media platform.
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Elon Musk says Twitter deal 'temporarily on hold'Elon Musk said that his planned $44 billion purchase of Twitter is 'temporarily on hold' pending details on spam and fake accounts on the social media platform.
Read more »
Elon Musk says Twitter deal ‘temporarily on hold’Elon Musk says his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts on the social media platform
Read more »