Elon Musk said his deal to buy twitter was "on hold" for more statistical details Because the social network reported that false or spam accounts accounted for less than 5% of its 226 million profitable daily active users. The Tesla CEO, who offered to buy twitter for $44 billion, posted a link on Twitter to Reuters's report on twitter on May 2.
Musk wrote on Twitter: "Twitter transactions are on hold, waiting to support the calculation details that spam / fake accounts really account for less than 5% of users."
This tweet represents the latest obstacle to Musk's merger with social media network twitter.
As of press time, Twitter's share price plunged 19% due to the news that the transaction was on hold. The company initially announced a so-called "poison pill" measure to prevent acquisitions, and finally accepted the acquisition at the end of April.
