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Twitter Deal on Hold: Elon Musk bans Twitter deal, explains why the deal is getting stuck

Elon Musk Temporarily Holds Twitter Deal: Elon Musk has taken a surprising decision on the Twitter deal that was in discussion in the past. He has put this deal on hold for some time. 

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Elon Musk Temporarily Hold Twitter Deal: Elon Musk has been in the headlines since last month for his $ 44 billion Twitter deal. Meanwhile, he has again surprised people by tweeting. He has put his Twitter deal on hold. Elon Musk, while announcing his decision on Friday, has also given the reason for this. 

What did Elon Musk say?

Elon Musk said Friday that his $44 billion deal for Twitter Inc. has been temporarily halted, citing ongoing details on spam and fake accounts. “The Twitter deal temporarily supports the calculation on pending information that spam/fake accounts actually represent less than 5% of users,” Musk said in a tweet.

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Broken company shares

Following this news, shares of Twitter, the social media company have fallen 20% in premarket trading. Twitter did not immediately respond to Allen’s tweet. The company estimated earlier this month that false or spam accounts had decreased in these three months. 

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Elon had already promised 

Let us tell you that Elon Musk, the world’s richest man and owner of Tesla Inc., had already made a promise to his followers before this deal. He had said that one of his priorities would be to remove ‘spam bots’ from the Twitter platform.

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