London, May 13 (BUS) – Elon Musk said Friday that his planned $44 billion purchase of Twitter is “temporarily on hold” pending details about spam and fake accounts on the social media platform, another development amid signs of internal turmoil over the takeover. proposed.
In a tweet, the billionaire Tesla linked to a Reuters story from May 2 quoting a Twitter financial file that estimated that wrong accounts or spam made up less than 5% of the company’s “monetable daily active users” in the first quarter.
“The Twitter deal is temporarily on hold pending account details that spam/fake accounts already account for less than 5% of users,” Musk said, noting that he suspects the number of non-genuine accounts is too low, according to the Associated Press.
It wasn’t clear if the issue might spoil the deal. Stocks in both Twitter and Tesla have swung sharply in opposite directions, with Twitter stock down 18% and Tesla, which Musk suggested using to help fund the Twitter deal, jumping 5%.
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