The technological tycoon announces the provisional suspension of the agreement in the absence of knowing the proportion of false accounts that there are in the social network. The decision leads the company's shares to plummet 20%.
Elon Musk announced this Friday that he is provisionally suspending the purchase of Twitter, pending details on the proportion of false accounts on the social network.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
"The agreement on Twitter is temporarily suspended," announced, precisely on the social network, the richest man in the world and head of Tesla. Following this message, the group's share fell 20% in electronic trading prior to the opening of the Wall Street stock market.
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Twitter estimated earlier this May that fake or spam accounts represented less than 5% of its active users. One of the priorities that Musk set for himself when he announced the purchase of the company for 44,000 million dollars was the removal of "spam bots" from the platform.
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