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Elon Musk says acquisition of Twitter is on hold

Elon Musk announced on Friday that the deal to purchase is “temporarily on hold.” The Tesla CEO claims that the hold-up is because he is questioning how many spam and fake accounts are actually on Twitter.

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

He added, “Still committed to acquisition.”

Musk shared a Reuters article from May that stated, “Twitter Inc. estimated in a filing on Monday that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter.”

Still committed to acquisition

(@Elon Musk) 1652442606

Twitter released its quarterly financial report on April 28, which estimated the number of false or spam accounts.

“We have performed an internal review of a sample of accounts and estimate that the average

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