Press "Enter" to skip to content

Elon Musk Says Twitter Deal Temporarily on Hold; Know Details Here

Days after acquiring microblogging site Twitter, Tesla CEO Elon Musk said on Friday, May 13, that the deal was temporarily on hold and cited pending details on spam and fake accounts as the reason. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk said in a tweet on the day.

Earlier this month, Twitter had in a filing said that there were less than 5 per cent false or spam accounts on its platform that represented its daily monetisable active users in the first quarter of the financial year. “The social media company had 229 million users who were served advertising in the first quarter,” a report by Reuters said on May 2.

Read all the Latest News , Breaking News and IPL 2022 Live Updates here.

Source: News18