Musk says Twitter deal ?on hold? over concern about number of spam accounts
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Summary
Elon Musk today said his deal to purchase Twitter is "temporarily on hold" while he awaits details on the number of spam and fake accounts on the site, but he later added that he remains "committed" to the acquisition."Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5 percent of users," Musk wrote in a tweet Monday morning. that false or spam accounts represented fewer than 5 percent of its monetizable daily active users during the first quarter."Twitter shares reportedly fell more than 20 percent in premarket trading after Musk's initial tweet but gained much of that back after Musk said he's still committed to the deal.
As said here by Jon Brodkin