Elon Musk Declares $44 Billion Twitter Takeover ‘On Hold’
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Elon Musk tweeted that his $44 billion takeover of Twitter is “temporarily on hold” as he awaits data on its proportion of fake accounts
Elon Musk tweeted that his $44 billion takeover of Twitter is “temporarily on hold” as he awaits data on its proportion of fake accounts
(Reuters)—Elon Musk tweeted on Friday that his $44 billion cash deal for Twitter Inc was “temporarily on hold” while he waits for the social media company to provide data on the proportion of its fake accounts.
The post Elon Musk Puts $44 Billion Twitter Buyout on Hold appeared first on Washington Free Beacon.
Elon Musk is nothing if unpredictable, so he was true to form in a stunning announcement
Elon Musk is putting his $44 billion takeover of Twitter "temporarily on hold" after the company claimed that less than 5% of its users are spam or fake accounts.
The Tesla chief tweeted on Friday that the deal was being frozen while he waited for details backing up Twitter's claim:
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users."
Musk linked his decision to a May 2 Reuters report referring to a...