Elon Musk announced in a tweet that his $44 billion deal to buy Twitter was on hold, due to a report that spam accounts on the social network were fewer than previously thought.
This is breaking news. We will update further.
Could the deal fall apart?
Elon announced on May 13 that a report revealed that spam accounts make up 5% of the total user base 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 was put on hold, but interestingly, it’s only now that Musk has decided to go ahead with it.