Elon Musk put Twitter deal on hold until it proves less than 5% of accounts are fake – is he getting cold feet?

Trending 2 months ago 16

Elon Musk announced that helium is putting the Twitter acquisition woody connected clasp until the societal media level tin beryllium little than 5% of its accounts are fake oregon spam. Is the Tesla CEO getting acold feet connected the deal?

Now that Twitter’s committee has approved Musk’s connection to bargain the institution and instrumentality it private, it looked similar a done deal, pending moving done immoderate details and bringing the proposition to a shareholder vote. But during an interrogation earlier this week, Musk started to speech much tentatively astir the woody and wouldn’t stock his level of assurance successful it really going through.

Now helium went a measurement further and announced that the woody is “on hold” pursuing a study from Twitter astir the fig of spam and fake accounts connected the platform:

Twitter woody temporarily connected clasp pending details supporting calculation that spam/fake accounts bash so correspond little than 5% of usershttps://t.co/Y2t0QMuuyn

— Elon Musk (@elonmusk) May 13, 2022

The Tesla CEO said that helium is inactive “committed to the acquisition,” but it is “temporarily connected hold”:

“Twitter woody temporarily connected clasp pending details supporting calculation that spam/fake accounts bash so correspond little than 5% of users.”

In a caller filing this week, Twitter said that it estimates that 5% of its 229 cardinal progressive users are spam oregon fake accounts.

Part of Musk’s program for Twitter is doubling the effort to region spam from the level by either making them financially unviable and/or by authenticating each existent users and prioritizing replies implicit those from unauthenticated users.

As portion of the acquisition agreement, if either party, Musk oregon Twitter, fails to implicit the deal, that enactment volition person to wage the different a $1 cardinal fee.

Yesterday, we reported connected Musk looking to concern the Twitter acquisition without loans backed by Tesla shares arsenic Tesla’s banal terms fell.

Is Musk getting acold feet and wants a mode out? Let america cognize what you deliberation successful the comments section?

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