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Musk puts Twitter buy on hold, casting doubt on $44B deal

by admin
May 15, 2022
in Industry
0
Musk puts Twitter buy on hold, casting doubt on $44B deal
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Tuesday, July 13, 2021, CEO Elon Musk leaves the justice facility in Wilmington, Delaware. Musk said his $44 billion Twitter purchase is “temporarily on hold” as he investigates spam and phony accounts on the social media network. The Tesla billionaire’s statement on Friday, May 13, 2022, comes amid evidence of internal conflict over his proposed takeover of Twitter. (Matt Rourke/AP Photo/File)

Tuesday, July 13, 2021, CEO Elon Musk leaves the justice facility in Wilmington, Delaware. Musk said his $44 billion Twitter purchase is “temporarily on hold” as he investigates spam and phony accounts on the social media network. The Tesla billionaire’s statement on Friday, May 13, 2022, comes amid evidence of internal conflict over his proposed takeover of Twitter.

Musk said on Twitter early Friday that he wanted to figure out how many spam and fraudulent accounts there were on the social media network. He’s been outspoken about his desire to clean up Twitter’s problem with “spam bots” that imitate actual people, and he appeared to wonder if they were being underreported.

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