Elon Musk says Twitter deal ‘on hold’ after spam/fake account report

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Author: Jon Porter

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Elon Musk says his deal to buy Twitter is “temporarily on hold” after the social network reported that false or spam accounts comprised less than 5 percent of its 226 million monetizable daily active users. The Tesla CEO, who offered to buy twitter for $44 billion, tweeted a link to a May 2nd Reuters report on Twitter’s filing.

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

Musk has made cutting down on the amount of “spam and scam bots” and “bot armies” on Twitter a key part of his pitch for improving the service, alongside prioritizing free speech, and open-sourcing the platform’s ranking algorithms.

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