Elon Musk says Twitter deal ‘temporarily on hold’
Illustration by Kristen Radtke / The Verge; Getty Images Elon Musk says his deal to buy Twitter is temporarily on hold" after the social network reported that false or spam accounts comprised less than 5 percent of its 226 million monetizable daily active users. The Tesla CEO, who offered to buy twitter for $44 billion, tweeted a link to a May 2nd Reuters report on Twitter's filing, saying he wants to see the company's calculations.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk tweeted. However, in a follow-up tweet, he added that he's still committed to [the] acquisition," suggesting that it'll proceed after Twitter provides satisfactory information on its numbers.
Still committed to...