Elon Musk says Twitter deal is ‘pending’


Twitter shares plunged in pre-market trading on Friday morning after Elon Musk. said His deal to take over the social media company is “on hold” until he gets more information about the number of fake and spam accounts on the platform.

Musk, who accepted an offer to buy Twitter for $44 billion by the company’s board of directors in April, said: said The takeover deal was “temporarily put on hold” due to concerns about the number of fake and spam accounts on the site.

The billionaire said he was waiting for details to support the company. Calculation Fake or spam accounts made up less than 5% of users.

Twitter shares have fallen 25% in pre-market trading since the announcement.

It’s an evolving story.

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