Elon Musk says his deal to buy Twitter is on hold

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted on Friday. The news sent Twitter shares down more than 20% in premarket trading.In his tweet, Musk linked to a Reuters report that said Twitter had disclosed in a filing Monday that fake or spam accounts represented fewer than 5% of Twitter’s monetizable daily active users during the first quarter.Musk had offered few details about his plans for the social media company, though he has often spoken out about bot accounts that promoted spam content. He also says the company has been too quick to remove accounts

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Bay Area News Group girls high school athlete of the week: Madeline Le, Milpitas softball

Bay Area News Group high school sports. Milpitas softball player Madeline Le is the Bay Area News Group’s...

Elon Musk says Twitter deal is ‘on hold’

LONDON (AP) — Elon Musk said Friday that his plan to buy Twitter for $44 billion is “temporarily on hold” as he tries to...

New community reshapes your life

The searching, the planning, the decision-making and the final choices involving the purchase of a new construction home might, on the surface, appear to...