Elon Musk says Twitter purchase is "on hold" pending details on fake accounts
Elon Musk said his pending acquisition of Twitter is "on hold" until the social network can give more clarity over the number of fake accounts.
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk tweeted from his verified account on Friday.
He linked to a Reuters report that said Twitter estimated false or spam accounts represent fewer than 5% of its monetizable daily active users.
Musk, the billionaire CEO of Tesla, made a cash offer to buy Twitter for $54.20 per share last month, valuing the company at more than $40 billion.
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