Elon Musk Says Twitter Deal Is ‘On Hold’
May 13, 2022 11:11AM PDT
Elon Musk says his deal to buy Twitter for $44 billion is ‘on hold’ – for now, at least.
On Friday, Musk tweeted that he wanted “more details” on a report that fake accounts or bots make up less than 5% of active Twitter users.
Musk has previously said that getting rid of bots and spam would be a top priority once he takes over.
Musk’s announcement sent Twitter’s stock price tumbling 20% early Friday morning.