Insight Bureau: Elon Musk on Friday put his $44 billion Twitter deal on hold amid concerns of an increase in the number of fake or spam accounts on the platform.
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Musk tweeted that Twitter deals are temporarily on hold pending details supporting the calculation that spam/fake accounts do indeed represent less than 5pc of users.
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
Last month, Musk had clinched a deal to buy Twitter Inc for $44 billion cash in a transaction. Musk, the world’s richest man, had recently said that one of his priorities would be to remove “spam bots” from the platform.
