Musk Puts Twitter Takeover On Hold Amid Fake Account Questions

Musk Puts Twitter Takeover On Hold Amid Fake Account Questions


Elon Musk’s bombshell deal to buy Twitter was put on hold early Friday after the billionaire raised new questions about how many of the social media platform’s accounts are fake.

Musk’s $44 billion offer for the San Francisco-based company has already been unanimously approved by the board of directors, which initially resisted. But Friday morning’s development, which Musk characterized as “temporary,” threw the controversial takeover into a new round of uncertainty. Twitter shares fell 25% in pre-market trading.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted early Friday morning.

Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn

Trending: WATCH: President Trump Unveils New Book!

— Elon Musk (@elonmusk) May 13,

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