Elon Musk puts Twitter deal on hold over spam accounts

Pending details over number of fake accounts

James Baxter-Derrington
clock • 1 min read

Elon Musk has put his Twitter deal “temporarily on hold” after the platform released a filing estimating that spam or fake accounts represent less than 5% of users.

While the filing was released on 2 May, the Tesla CEO only tweeted the pause to the deal at 1046 BST / 0251 PST today (13 May) and has yet to clarify further details. The tweet read "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users" and linked to a Reuters article from almost a fortnight ago. A 'waste of dollar capital'? Elon Musk buys Twitter for $44bn Twitter's update said it had performed an internal review and found that the average number of false or spam accounts over the first quarter of...

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