NEWS & ANALYSIS

Elon Musk Says Twitter Deal is on Hold


Elon Musk said Friday he is putting his purchase of Twitter on hold. 

Musk made the announcement in a tweet after agreeing to buy the Big Tech platform for $44 billion. 

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted. 

In the post, he linked to a Reuters report stating that Twitter disclosed a filing Monday that fake or spam accounts represented fewer than 5 percent of Twitter’s monetizable daily active users during the first quarter, Just the News reports

Shortly after, Musk also tweeted that he is “still committed” to the acquisition.

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