Elon Musk Says Twitter Deal Temporarily on Hold

Tesla and SpaceX CEO Elon Musk says his deal to buy Twitter is “temporarily on hold” after the social network reported that false or spam accounts comprised less than 5 percent of its 226 million monetizable daily active users. Another Twist in the Twitter Deal Tweeting a link to a May 2nd Reuters report on Twitter’s filing, Elon Musk stated that he wants to see the company’s calculations. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” he wrote in his tweet. 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 Twitter was worth about $35 billion as of Friday morning. Right after Musk’s tweet, the price of Twitter’s stock plunged more than 18 percent. The Tesla boss earlier said that if his acquisition went through one of his priorities would be to remove “spam bots” from the platform, alongside prioritizing free speech and open-sourcing the platform’s ranking algorithms. The company had earlier this month estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter.The post Elon Musk Says Twitter Deal Temporarily on Hold appeared first on Cryptoknowmics-Crypto News and Media Platform.