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.
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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.
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