Elon Musk Says Twitter Deal is on Hold

Elon Musk said Friday he is putting his purchase of Twitter on hold. 

Musk made the announcement in a tweet after agreeing to buy the Big Tech platform for $44 billion. 
“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

In the post, he linked to a Reuters report stating that Twitter disclosed a filing Monday that fake or spam accounts represented fewer than 5 percent of Twitter’s monetizable daily active users during the first quarter, Just the News reports. 
Shortly after, Musk also tweeted that he is “still committed” to the acquisition.

Still committed to acquisition
— Elon Musk (@elonmusk) May 13, 2022