Twitter deal put on ‘hold’, tweets Elon Musk

World’s richest man Elon Musk put his $44-billion Twitter deal temporarily on hold

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Elon Musk on Friday tweeted to announce that the Twitter deal is temporarily on hold

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Citing pending details in support of calculation that spam and fake accounts

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Twitter had earlier estimated that fake or spam accounts represented less than 5% of its monetizable daily active users

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Elon Musk had said that one of his priorities would be to remove "spam bots" from Twitter

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Twitter had recorded 229 million users who were served advertising

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Shares of the social media company fell 17.7% to $37.10 in premarket trading

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Twitter did not respond on Elon Musk’s tweet to put the deal on hold

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Elon Musk’s representatives were also not available for comments

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Elon Musk has been critical of Twitter's moderation policy

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Earlier this week, Elon Musk had said he would reverse Twitter’s ban on former US President Donald Trump

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