Elon Musk Says Twitter Deal Is ‘On Hold’
Elon Musk says his deal to buy Twitter for $44 billion is ‘on hold’ – for now, at least.
On Friday, Musk tweeted that he wanted “more details” on a report that fake accounts or bots make up less than 5% of active Twitter users.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Musk has previously said that getting rid of bots and spam would be a top priority once he takes over.
Musk’s announcement sent Twitter’s stock price tumbling 20% early Friday morning.
Is it possible that Musk has ‘buyer’s remorse’ and is looking for a way to back out of the deal? Or do you think Twitter’s bot problem is worse than the report indicates?
