Entertainment, Twitter

Elon Musk decided To Put Twitter Deal “Temporarily on Hold” 

Twitter accounts

Elon Musk just purchased Twitter, but according to his tweet, the deal has been placed on hold for the time being.

According to Reuters, Twitter estimates that less than 5% of its users are spam or fake accounts. Given that Twitter has 229 million users, this implies that there are possibly 10 million fake accounts on the platform.

Musk chose to temporarily halt the transaction while dealing with spam/fake accounts. If Twitter does truly have 5% of its users as bot accounts, the acquisition price might fall below the $44 billion original offer.