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HomeGlobalElon Musk's Twitter deal 'eclipsed', this is the big reason

Elon Musk’s Twitter deal ‘eclipsed’, this is the big reason

Elon Musk made a deal to buy Twitter for $ 44 billion

Tesla Chief Elon Musk said today that his $44-billion deal to buy Twitter has been put on hold for the time being. Elon Musk has said that the deal has stalled over the issue of spam and fake accounts. Elon Musk tweeted, “The Twitter deal has been temporarily put on hold, as figures for the count of spam or false accounts, which must be less than 5% of users, are yet to be found.”

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Last month, social media company Twitter decided to sell itself to Elon Musk for $44 billion.

Shares of social media company Twitter have fallen 20%. Twitter did not immediately comment on the matter. The company calculated earlier in the month that its false or spam accounts accounted for less than 5% of the active users that could be monetized in the first quarter.

The company also said that until the deal with Elon Musk is completed, it will face many challenges, including whether advertisers will continue to spend on Twitter or not.

Elon Musk is the richest man in the world and is the CEO of Tesla Inc. He said that his first priority would be to remove “spam bots” from the platform.

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