Elon Musk: Twitter Deal ‘Temporarily Suspended’ Due to Spam Account Ratings

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Elon Musk said that $44 billion deal to buy Twitter “temporarily suspended”.

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In a tweet posted on Friday, the founder of Tesla and SpaceX referred to spam or fake accounts on the social media platform, pointing to Reuters report earlier this month on Twitter, it is estimated that less than 5% of his accounts are fake.

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“Twitter deal is temporarily on hold pending details supporting calculations that spam/fake accounts do represent less than 5% of users,” Musk wrote.

Twitter shares fell 14% in premarket trading on Friday.

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Musk’s tweet comes a day after the social network fired two of its top executives. Twitter said the company is suspending hiring for most employees, except for critical roles, and is “cutting non-labour spending to ensure we operate responsibly and efficiently.”

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Getting rid of spam and fake accounts was one of Musk’s priorities when he struck a deal to buy Twitter for $44 billion. Musk has also been critical of the way Twitter moderates content. The deal is expected to close at the end of this year.

Earlier this week, in an interview with The Financial Times, Musk said that if the deal is approved, he will allow former President Donald Trump to return to the platform after it was permanently banned following the January 6 Capitol riots.

Contribute: Associated Press

Follow Brett Molina on Twitter: @brettmolina23.




Credit: www.usatoday.com /

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