Business turmoil: Elon Musk halts Twitter deal

Elon Musk temporarily handles Twitter deal: Elon Musk has been in the news since last month over the $44 billion Twitter deal. During this, he has surprised people by retweeting. He has put his Twitter deal on hold for the time being. Elon Musk also gave the reason for this in his decision announced on […]
 


Business turmoil: Elon Musk halts Twitter deal

Elon Musk temporarily handles Twitter deal: Elon Musk has been in the news since last month over the $44 billion Twitter deal. During this, he has surprised people by retweeting. He has put his Twitter deal on hold for the time being. Elon Musk also gave the reason for this in his decision announced on Friday.

What did Elon Musk say?

Elon Musk has put Twitter deal on hold. Although the deal has not been put on hold permanently, Musk has put it on hold temporarily. Musk said the reason for putting the Twitter deal on hold was spam. Elon Musk said in a tweet that the deal was postponed until it was discovered that spam or fake accounts represented less than five percent of the microblogging site’s total user base.

 

company stock crashed

Shares of social media company Twitter fell 20% in pre-market trading following the news. The company earlier this month predicted a decrease in the number of fake or spam accounts in the past three months.

elo already promised

Let us tell you, Elon Musk, the world’s richest man and owner of Tesla Inc., made a promise to his followers before the deal. He said that removing “spam bots” from the Twitter platform would be one of his priorities.