TOBY SHAPSHAK: Suddenly, Musk’s Twitter bid was on hold over a spam problem
In just two days, the Tesla CEO cast doubt on fake accounts and its algorithm — seemingly to drive down the purchase price
19 May 2022 - 05:00
And then Elon Musk wasn’t buying Twitter. As tech stocks had a torrid week and their share prices slid, Musk tweeted last Friday that the deal was “temporarily on hold”.
His reason was “pending details supporting calculation that spam [or] accounts do indeed represent [fewer] than 5% of users”. About two hours later, Musk tweeted: “Still committed to acquisition.”..
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