Elon Musk says Twitter deal on hold pending details on fake accounts; shares plunge 18%

  • Twitter’s stock plummeted 18% following the announcement.
  • Musk announced last month that he intends to buy Twitter for $44 billion.
  • He’s tweeted that one of his main priorities would be to remove “spam bots” from the platform.

Elon Musk announced Friday that his Twitter deal is on hold until he receives more information about how many fake accounts there are on the social media platform.

Twitter’s stock plummeted 18% following the announcement. A spokesperson for Twitter did not immediately respond to a CNBC request for comment.


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