World’s richest man
Elon Musk
put his $44-billion Twitter deal temporarily on hold
Elon Musk on Friday tweeted to announce that the
Twitter dea
l is
temporarily on hold
Citing pending details in support of calculation that spam and fake accounts
Twitter had earlier estimated that fake or spam accounts represented less than 5% of its monetizable daily active users
Elon Musk had said that one of his priorities would be to
remove "spam bots"
from Twitter
Twitter had recorded 229 million users who were served advertising
Shares
of the social media company
fell 17.7% to $37.10
in premarket trading
Twitter did not respond on Elon Musk’s tweet to put the deal on hold
Elon Musk’s representatives were also not available for comments
Elon Musk has been critical of Twitter's moderation policy
Earlier this week, Elon Musk had said he would reverse Twitter’s ban on former US President Donald Trump
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