Elon Musk reveals $44bn Twitter deal ON HOLD over concerns about fake accounts
ELON Musk’s $44bn deal to buy Twitter have been dramatically put on hold.
The billionaire revealed on Friday that the setback was due to an issue over spam and fake accounts on the platform.
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Musk, 55, wants more information about the real number of fakes on the service before snapping it up.
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But he said the hold up is only temporary.
Tweeting on the service, he said: “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.”
The timing is also bizarre, as the 5 per cent figure was announced weeks ago by Twitter.
It all comes amid an exodus of senior staff at the firm ahead of the Tesla founder’s expected arrival.
Consumer product leader Kayvon Beykpour was fired during paternity leave.
And head of revenue product Bruce Falck has also been shown the door.
More to follow…
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