Elon Musk Puts Twitter Deal 'Temporarily on Hold'

pcmag.com:

Elon Musk's Twitter deal has been put on hold temporarily according to a tweet by the billionaire.

Earlier this month, Reuters reported(Opens in a new window) that Twitter estimated less than 5% of users were actually spam and/or fake accounts. With a total user count of around 229 million, that means there's potentially over 10 million fake accounts on the service.

Musk links to the Reuters article in his tweet, which explains, "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users."

If it does turn out to be close to 5% of users, what will Musk do? The most likely outcome is an attempt to lower the acquisition pice to below the $44 billion Twitter's shareholders accepted. He could also simply decide to walk away.

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