Home News BREAKING: Elon Musk says Twitter deal “on Hold”

BREAKING: Elon Musk says Twitter deal “on Hold”

by Paul Goldberg
BREAKING: Elon Musk says Twitter deal "on Hold"

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

Per Reuters:

Twitter Inc(TWTR.N)estimated in a filing on Monday that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter.

The social media company had 229 million users who were served advertising in the first quarter. read more

The disclosure came days after Tesla Inc (TSLA.O) Chief Executive Elon Musk, who has inked a deal to buy Twitter for $44 billion, tweeted that one of his priorities would be to remove “spam bots” from the platform.

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