Musk Twitter Deal On Hold

Billionaire entrepreneur Elon Musk said Friday he is putting on hold his purchase of Twitter.

Although Musk did emphasize that he is “Still committed to acquisition.”

Musk made the announcement in a Twitter post, weeks after agreeing to buy the social media platform for $44 billion.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” tweeted Musk, the found and CEO of the SpaceX and electric vehicle company Telsa.

In his tweet, Musk linked to a Reuters report that stated Twitter had disclosed in a filing Monday that fake or spam accounts represented fewer than 5% of Twitter’s monetizable daily active users during the first quarter, according to CNN.

Reporting from Just the News.