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.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
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.
