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Translator: Himalaya Oxford Visionary-boylatin1L

Elon Musk said on Friday (13 May) that his $44 billion acquisition of Twitter was on hold, citing details of spam and fake accounts pending.

Image Source: channelnewsasia

“The Twitter deal is on hold pending details to support the calculation that spam/fake accounts only make up less than 5% of users,” Musk said in a tweet.

Shares of the social media company fell 20% in premarket trading. Twitter did not immediately respond to a request for comment.

The company estimated earlier this month that fake or spam accounts accounted for less than 5% of its profitable daily active users in the first quarter.

Image Source: twitter

It also said it faces several risks until the Musk deal closes, including whether advertisers will continue to spend on Twitter.

The world’s richest man and Tesla CEO Elon Musk have said that one of his priorities will be to remove “rubbish robots” from the platform.


Edited by: MikeHua
Posted by: Peter Chen

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