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 deal 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