Elon Musk halts Twitter deal

Tesla Inc Chief Executive, Elon Musk has said that plans to buy Twitter has been temporarily put on a hold.

Must made the announcement on Friday via his Twitter handle.

Text of his post on Twitter reads, “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.”

The halt on the much-anticipated Twitter deal may have necessitated sending shares in the social media giant hanging.

Meanwhile, the founder of Tesla, had made the eradication of spam accounts and bots one of the cores of his proposed $44 billion takeover of the Twitter app.

In April, when the deal was announced, Musk made known his plans to make Twitter “better than ever” by “defeating the spam bots and authenticating all humans.”

Leave a Comment

Your email address will not be published. Required fields are marked *

87 + = 95

× How can I help you?

Join 50,000+ students and others to get educational updates via email.

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

YOMSDIRECT will use the information you provide on this form to be in touch with you and to provide updates and marketing.
%d bloggers like this: