Elon Musk says Twitter deal 'temporarily on hold'

Elon Musk says Twitter deal 'temporarily on hold'

2 years ago
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https://apnews.com/64b8534f53aa0213fbfd2245bacd6109

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, another twist amid signs of internal turmoil over the proposed acquisition.

In a tweet, the Tesla billionaire linked to a Reuters story from May 2 citing a financial filing from Twitter that estimated false or spam accounts made up fewer than 5% of the company’s “monetizable daily active users” in the first quarter.

Elon Musk says Twitter deal 'temporarily on hold'

May 13, 2022, 11:30am UTC
https://apnews.com/64b8534f53aa0213fbfd2245bacd6109 > 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, another twist amid signs of internal turmoil over the proposed acquisition. > In a tweet, the Tesla billionaire linked to a Reuters story from May 2 citing a financial filing from Twitter that estimated false or spam accounts made up fewer than 5% of the company’s “monetizable daily active users” in the first quarter.