Elon Musk: ‘Twitter Deal Temporarily on Hold’

Elon Musk has just announced that his deal to purchase Twitter is “temporarily on hold.”

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted early Friday morning.

In a filing earlier this month, Twitter said that fake and spam accounts represent less than 5 percent of the users on its platform.

In a tweet, Musk linked to that information and said the deal would be postponed until he could see the reasoning for that calculation.

Musk has made the eradication of spam and false accounts a top priority in his proposal to buy Twitter.

He has been personally affected by the prevalence of those accounts on the platform.

A number of scammers posing as Musk continually attempt to trick other users into cryptocurrency scams.

This is a breaking news story.

Please check back for updates.

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By Frank Bergman

Frank Bergman is a political/economic journalist living on the east coast. Aside from news reporting, Bergman also conducts interviews with researchers and material experts and investigates influential individuals and organizations in the sociopolitical world.

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