Elon Musk said the Twitter acquisition is “on hold” until he has more clear data from the company on the number of fake accounts on Twitter.
Musk made a statement on his Twitter account on Friday:
“Twitter deal is temporarily suspended, pending details stating that spam/fake accounts account for less than 5% of users,” he said.
Tesla CEO Musk took to Twitter last month per share. 54.20 to the company to buy for dollars $44 billionHe had made an offer.
Twitter shares drop 25% ahead of opening
Twitter shares in pre-opening markets after Elon Musk announced suspension of Twitter acquisition 25%It decreased to . While writing the news 18%A decrease is observed.
The statements affected not only Twitter, but also the Dogecoin price. dogecoin It fell 6% on the hourly chart after the announcement.