Elon Musk: Twitter deal is on hold

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Elon Musk announced in a tweet that his $44 billion deal to buy Twitter is on hold, due to a report about spam accounts on the social network being fewer than previously thought.

According to a story from Reuters on May 2, bot accounts, which automatically post tweets based on certain content, represent less than 5% of the accounts that have been used to monetize the service through ads and its other paid offerings, such as Twitter Blue, Super Follows and more.

With this number, it may be lower than what Musk expected, as he's been tweeting in recent weeks about his aims to get rid of bot accounts, while looking at ways to monetize the service further.

But this may be a ploy from Musk to lower his original deal, as he may be getting buyers-remorse in how much he agreed to pay for the social media platform.

This is a breaking news story. We will be updating further.

Could the deal fall apart?

Elon announced on May 13 that a report has found that spam accounts make up for 5% of the total userbase on Twitter.

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Due to this revelation, the deal has been put on hold, but it's interesting that only now Musk has decided to do this.

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