Elon Musk’s bid for Twitter is currently “on hold,” the Tesla CEO announced on the platform, while an investigation takes place to determine the number of bots/spam accounts represented on the platform.
In a filing this month, Twitter alleged that less than 5% of its daily active users were fake or spam accounts.
Musk appears to want to ensure that this is indeed accurate.
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted.
Twitter disclosed the details alongside other “risks” surrounding the idea that changing the management of the company could affect advertisers’ decisions on the platform.
In April Musk announced his plan to take the company private in a $40+ billion deal.
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