Elon Musk Says Twitter Deal on Hold, Citing Uncertainty Over Fake Accounts, Bots, Spam

A 5:44 a.m. ET tweet caused Twitter’s share price to drop while Tesla’s rose

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It wouldn’t be a day that ends in “y” without more drama surrounding Elon Musk’s pending $44 billion acquisition of Twitter, and the drama started early Friday, with a 5:44 a.m. ET tweet, to be exact.

Musk tweeted, “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users. Still committed to acquisition,” linking to a May 2 Reuters post covering the company’s filing with the Securities and Exchange Commission.



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