BREAKING: Elon Musk says Twitter purchase is 'on hold' pending details on fake accounts
May 13, 2022, 5:59AM EDT · 1 min readof Twitter is"on hold" until the social network can give more clarity over the number of fake accounts.
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Muskthat said Twitter estimated false or spam accounts represent fewer than 5% of its monetizable daily active users. Musk, the billionaire CEO of Tesla, made a cash offer to buy Twitter for $54.20 per share last month, valuing the company at more than $40 billion.
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