Highlights
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Tesla CEO Elon Musk on Friday took to social media to inform that the $44 billion Twitter deal has been temporarily put on hold over pending details on spam and fake accounts.
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“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 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
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It’s another twist after signs of internal turmoil amid the Tesla billionaire’s planned buyout of the company, including that Twitter fired two of its top managers Thursday.
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It wasn’t clear whether the fake account issue could scuttle the deal.
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Meanwhile the share price of Twitter declined nearly 17% in premarket trading.
