‘Twitter deal is on hold due to new information about fake accounts’

The takeover of Twitter by Elon Musk has been put ‘temporarily on hold’, Musk reports on Twitter. More details about the number of active users on the platform, which could affect the deal, are coming soon, Musk said.

According to the message from Musk More details will be released soon about the earlier report that Twitter miscalculated the number of fake accounts. According to Twitter, the share of fake accounts on the platform less than five percent. Twitter claims to have 229 million daily users as of March 31 this year, but that number is overestimated.

Earlier this year, the Tesla CEO announced that he would make an offer on Twitter. Shortly afterwards, an offer of $ 44 billion followed and at the end of April Twitter announced that it agrees to the deal worth 41 billion euros.

Although the deal is now on hold, according to Musk, the authorities also have yet to approve the deal. According to The Wall Street Journal, the US authority SEC launched an investigation to Musk’s purchase of a large stake in Twitter prior to the deal. The authority would investigate whether Musk should not have reported this earlier.