Elon Musk Puts His Twitter Deal on Hold

Elon Musk said his deal to buy Twitter was on hold, raising questions about the takeover and sending shares of the messaging service lower, but he later added that he remains committed to the acquisition.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Mr. Musk said early Friday morning from his verified Twitter account. The Tesla chief executive linked to a May 2 Reuters report about a recent Twitter securities filing with those statistics.



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