Elon Musk announced in a tweet that his $44 billion deal to buy Twitter is on hold, due to a report about spam accounts on the social network being fewer than previously thought.
This is a breaking news story. We will be updating further.
Could the deal fall apart?
Elon announced on May 13 that a report has found that spam accounts make up for 5% of the total userbase on Twitter.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuynMay 13, 2022
Due to this revelation, the deal has been put on hold, but it’s interesting that only now Musk has decided to do this.