Elon musk said on Friday that its $44 billion deal to buy Twitter is temporarily on hold, citing pending details about spam and fake accounts.
He posted on his Twitter that, before moving forward with the agreement, he awaits the delivery of detailed calculations that confirm, in fact, that fake and spam accounts on the social network represent less than 5% of the platform’s 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
Shares on the social network dropped 20% in trading before the market opened. Twitter did not immediately respond to a Reuters request for comment.
The company had estimated earlier this month that fake or spam accounts made up less than 5% of its “monetizable” daily active users — those for whom ads are shown — during the first quarter.
The platform also said it faces several risks until the deal with musk be closed, including whether advertisers would continue to spend on Twitter.
muskthe richest man in the world and Tesla CEO had said that one of his priorities would be to remove “spam bots” from the platform.
Source: CNN Brasil
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