Elon Musk has put his Twitter deal “temporarily on hold” after the platform released a filing estimating that spam or fake accounts represent less than 5% of users.
While the filing was released on 2 May, the Tesla CEO only tweeted the pause to the deal at 1046 BST / 0251 PST today (13 May) and has yet to clarify further details. The tweet read "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users" and linked to a Reuters article from almost a fortnight ago. A 'waste of dollar capital'? Elon Musk buys Twitter for $44bn Twitter's update said it had performed an internal review and found that the average number of false or spam accounts over the first quarter of...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes