Explained: Why has Elon Musk put the Twitter deal on hold? – The Indian Express

Elon Musk said that his $44 billion deal to acquire Twitter has been put on hold. The billionaire Tesla chief cited pending details to support the microblogging site’s claim that spam or fake accounts were less than 5 per cent of its total user base. What has Musk said? In a tweet Friday, Musk said: “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users”. He shared a link in his tweet to a May 2 Reuters story titled ‘Twitter estimates spam, fake accounts comprise less than 5% of users -filing’. 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 Why has Musk put the Twitter deal on hold? The world’s richest man on prior occasions has said that removing “spam bots” from Twitter will be one of his top priorities following the completion of the acquisition. What is Twitter’s claim on spam users? Earlier this month, the microblogging platform had claimed in a regulatory filing that false or spam accounts represented fewer than 5 per cent of its monetisable daily active…
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