Elon Musk puts $44 bn Twitter deal on hold!

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.

222

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.

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.

Support Independent Journalism? Keep us live.

 

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.

Comments are closed.