© Reuters. FILE PHOTO: Elon Musk’s Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration
(Reuters) – Elon Musk said on Friday his $44-billion acquisition of Twitter Inc (NYSE:) was temporarily on hold, citing pending details on spam and fake accounts.
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” he said in a tweet.
Shares of the social media company fell 17% in premarket trading.
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