Elon Musk, the world’s richest man, has announced the suspension of a $44 billion deal to buy microblogging site Twitter, saying it has not yet received detailed information about spam and fake accounts. News agency Reuters reported this on Friday.
In a tweet on Friday, Elon Musk said: “Information about spam and fake accounts has not yet been found, so the Twitter purchase agreement has been suspended for the time being. About 5% of Twitter’s accounts are spam and fake accounts. ’
However, Twitter has not yet commented to Reuters on the suspension of Musk’s contract.
In the meantime, 17% of the company’s share of the social media company has fallen in the stock market.
On the other hand, shares of Elon Musk’s other companies also fell sharply on the news of Twitter’s purchase.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022