"The deal has been halted till it is ascertained whether spam or fake accounts represent less than five percent of the microblogging site's total userbase, said Musk"
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users (sic)," Musk tweeted.
"Twitter had informed the stock exchanges on May 2 that the fake or spam accounts on its platform represent less than 5 percent of its monetisable daily active users during the first quarter."
"The disclosure came days after Musk, shortly after sealing the deal to acquire Twitter, said that one of his priorities would be to remove "spam bots" from the platform."
"Musk's deal to buy Twitter, even if it sails through, is expected to take months to come to fruition as the billionaire needs to secure the finances."