Home » Business » Musk has temporarily stopped the purchase of Twitter for $ 44 billion – World

Musk has temporarily stopped the purchase of Twitter for $ 44 billion – World

© Reuters


US billionaire Elon Musk has said that the deal to acquire Twitter has been suspended pending details of spam and fake profiles.

According to a Musk post on Twitter, verification of information is expected to support the assessment that fake profiles are actually less than 5% of the total number of registered users.

Musk announced surprisingly that it buys Twitter aloneat the end of last month.

This collapsed 20% of the company’s shares in the first minutes after the news. Earlier, the company – which after weeks of resistance accepted the world’s richest man’s offer to buy it – estimated that such fake or spam accounts accounted for less than 5 percent of all daily active users it could monetize in the first quarter. .

The assessment is especially important for Musk, who considers the removal of spam bots one of his priorities.

Twitter also explained that it faces some risks while waiting for the deal to be finalized: for example, whether advertisers will continue to invest in the platform.

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