New Delhi: Hours after putting the $44 billion deal to acquire microblogging site Twitter temporarily on hold, Tesla CEO Elon Musk said that he is still “committed” to the acquisition.
Still committed to acquisition
— Elon Musk (@elonmusk) May 13, 2022
Musk on Friday said the deal to take over Twitter is 'on hold' till there's some clarity on whether spam or fake accounts represent less than 5% of the microblogging site.
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk tweeted referring to a regulatory filing by Twitter.
The microblogging site said in its latest quarterly results "that the average of false or spam accounts during the first quarter of 2022 represented fewer than 5% of our monthly daily active users during the quarter."
Musk's efforts to reform Twitter have included fighting fake and spam accounts. He said in a statement announcing his deal to buy Twitter last month that he wanted to fight spam bots, authenticate all humans, and open source the company's algorithms.
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