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

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