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Elon Musk says Twitter is “temporarily on hold” over spam accounts

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Donald Trump advised Elon Musk to buy Twitter, despite hurting Truth Social

Devin Nunes said in an interview that Donald Trump recommended Elon Musk to buy Twitter.

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Elon Musk said his $ 44 billion deal to buy Twitter was “temporarily suspended.”

In a tweet posted Friday, Tesla and SpaceX founders quoted spam or fake accounts on social media platforms, with less than 5% of accounts fake, according to a Reuters report on Twitter earlier this month. I presume.

“Twitter transactions are temporarily suspended, supporting the calculation that spam / fake accounts are actually less than 5% of users,” Musk wrote.

Twitter’s share plummeted by more than 10% in a deal on Friday morning.

In a subsequent tweet, the millionaire said he was “focused on the acquisition.”

Musk’s tweet takes place the day after the social media company fires two top managers. According to Twitter, the company has suspended most hires except for important roles, “reducing non-labor costs to ensure responsibility and efficiency.”

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Twitter is temporarily holding pending details that support the calculation that spam / fake accounts actually make up less than 5% of users https://t.co/Y2t0QMuuyn

Elon Musk (@elonmusk) May 13, 2022

Wedbush analyst Daniel Ives said the tweet could provoke a negative reaction from Wall Street and sees Musk as either a way out of Twitter purchases or a way to negotiate at a lower price. He said.

“The nature of masks creating so much uncertainty (rather than filing) in tweets is very annoying,” Ives wrote in a Friday investor note.

Eliminating spam and fake accounts was one of Mask’s priorities when he signed a deal to buy Twitter for $ 44 billion. Musk was also critical of how Twitter manages content. The transaction is expected to close later this year.

Earlier this week, in an interview with the Financial Times, Musk said former President Donald Trump would return to the platform after a permanent ban following the January 6 parliamentary riots once the deal was approved. He said he would allow it.

Contribution: Associated Press

Follow Brett Molina on Twitter: @ brettmolina23.

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2/ https://www.usatoday.com/story/tech/2022/05/13/elon-musk-twitter-deal/9759426002/

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