Musk puts $44 bn Twitter deal ‘on hold’ over fake user accounts

May 14, 2022 ・0 comments

Elon Musk on Friday said his $44 billion deal to buy Twitter is on hold temporarily as he waits for details confirming spam or fake accounts on the micro-blogging site are less than 5% of users.The social media company had 229 million users who were served advertising in the first quarter.

Shares of the social media company fell 20% in premarket trading.

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