$44-billion Twitter deal postponed temporarily: Musk

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Reuters :
Elon Musk said on Friday his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts.
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk said in a tweet.
Shares of the social media company fell 20% in premarket trading. Twitter did not immediately respond to a request for comment.
The company had earlier this month estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter.

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