# Elon Musk Says Twitter Deal is on Hold

By Human Events · Published 2022-05-13 · News & Analysis › Media · https://humanevents.com/news/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. Twitter deal \[…\]

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](https://justthenews.com/nation/culture/musk-says-twitter-deal-hold?utm_source=breaking&utm_medium=email&utm_campaign=newsletter).

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