Elon Musk Says Twitter Deal Is on Hold, Sending Shares Lower Premarket

Elon Musk said the purchase agreement Twitter was paused pending details of the number of fake accounts on the social media platform, sending the company’s stock in pre-market trading plummeting.

“Twitter’s interim agreement is pending to support the calculation that spam/fake accounts actually make up less than 5% of users,” Musk said in a tweet early Friday. He linked a May 2 Reuters report to a recent Twitter stock profile with those stats.

https://www.wsj.com/articles/elon-musk-tweets-that-twitter-deal-is-temporarily-on-hold-11652436335?mod=pls_whats_news_us_business_f Elon Musk Says Twitter Deal Is on Hold, Sending Shares Lower Premarket

Edmund DeMarche

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