Elon Musk has said his Twitter takeover deal is “temporarily on hold” pending details supporting calculations that spam/fake accounts represent less than 5% of users using the service.
Twitter announced last month that it had accepted a $44 billion buyout offer from Musk, who pledged to remove spam bots from the platform as well as to loosen content moderation and to improve Twitter’s verification system to authenticate genuine users.
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” said Musk in a tweet on Friday, linking to a recent story from Reuters, which details how Twitter estimated in a filing on Monday that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter.
We are updating this story.
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