Tuesday, May 24, 2022

Twitter deal is ‘temporarily on hold’

Must Read

Kang Daniel unveils first full-length studio album, ‘The Story’

Kang Daniel has made his much-anticipated comeback with his first full-length studio album 'The Story', alongside a music...

‘She slid in my DM’ – Masvidal fires back at Michel Pereira for creating ‘fake narrative’ in recent callout

After his win at UFC Vegas 55 on Saturday against Santiago Ponzinibbio, Michel Pereira had a...

Justin Bieber adds new London date to his ‘Justice’ world tour

Justin Bieber has added another date to the UK leg of his upcoming 'Justice'world tour. The pop star initially...


Elon Musk said his $ 44 billion deal to buy Twitter is “temporarily on hold.”

In a tweet posted Friday, the Tesla and SpaceX founder cited spam or fake accounts on the social media platform, pointing to a Acesparks report from earlier this month on Twitter estimating less than 5% of its accounts are fake.

“Twitter deal temporarily on hold pending details supporting calculation that spam / fake accounts do indeed represent less than 5% of users,” wrote Musk.

Shares of Twitter plunged 14% in premarket trading Friday.

Musk’s tweet comes a day after the social media company fired two of its top managers. Twitter said the company is pausing most hiring, except for critical roles, and is “pulling back on non-labor costs to ensure we are being responsible and efficient.”

Don’t care for clout ?:How to hide likes on Instagram

Tech tips:5 major tech annoyances and how to fix them

Getting rid of spam and fake accounts was one of Musk’s priorities when he reached a deal to buy Twitter for $ 44 billion. Musk has also been critical of how Twitter moderates content. The deal is expected to close later this year.

Earlier this week, during an interview with The Financial Times, Musk said if the deal is approved, he would allow former President Donald Trump to return to the platform after he was permanently banned following the Jan. 6 Capitol riots.

Contributing: The

Follow Brett Molina on Twitter: @ brettmolina23.

- Advertisement -
Latest News

Kang Daniel unveils first full-length studio album, ‘The Story’

Kang Daniel has made his much-anticipated comeback with his first full-length studio album 'The Story', alongside a music...

‘She slid in my DM’ – Masvidal fires back at Michel Pereira for creating ‘fake narrative’ in recent callout

After his win at UFC Vegas 55 on Saturday against Santiago Ponzinibbio, Michel Pereira had a few names in mind as...

Justin Bieber adds new London date to his ‘Justice’ world tour

Justin Bieber has added another date to the UK leg of his upcoming 'Justice'world tour. The pop star initially announced a run of UK...

Aitch announces ‘Close To Home’ UK and Ireland tour

Aitch has announced details of his 'Close To Home' UK and Ireland tour - find out how to get tickets below. The 14-date tour...

Charlie XCX announced for the inaugural Bristol festival FORWARDS

Charlie XCX has been announced for the inaugural Bristol festival FORWARDS this fall, marking her first live appearance in the city - you...
- Advertisement -

More Articles Like This