Elon Musk: Twitter Deal “Temporarily on Hold”

Questions more than true percentage of consumer accounts that are spam robots.

Billionaire Elon Musk announced that his deal to buy Twitter is definitely “ temporarily on hold” over questions about regardless of whether fake and spam accounts really do represent less than 5 per cent of users.

“ Twitter deal temporarily on keep pending details supporting computation that spam/fake accounts perform indeed represent less than 5% of users, ” Musk tweeted.

In spite of Musk last week securing $7 billion from new traders for his $44billion takeover, Twitter shares fell twenty per cent in premarket trading in response to the news.

The Tesla founder has made it one of his focal points to eliminate “ spam bots” form the platform, which Tweets claims represent fewer than 5% of its monetisable daily energetic users.

Media reports distributed earlier in the week recommending Musk could still pull out of the deal and spend a $1 billion buck compensation fee, but that may be waived if Twitter was not honest about the scale from the bot problem.

Blue checkmarks on Twitter are likely to welcome the news the deal is on hold given that they have been panicking the past several weeks about being unable to further entrench their censorship agenda if Musk takes over the platform.

Previously this week, Musk asserted that this decision to permanently suspend President Donald Trump has been “ foolish” and that Trump would be allowed to re-instate his account after Musk’s takeover.

The billionaire added that under his stewardship, permanent bans would certainly become a thing of the previous, aside from when they’re used on fake accounts.

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