Source: www.reuters.com
1 Min Read
(Reuters) - Elon Musk said on Friday his $44-billion acquisition of Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts.
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” he said in a tweet.
Shares of the social media company fell 17% in premarket trading.
Reporting by Nivedita Balu in Bengaluru; Editing by Arun Koyyur
