For the past few days, the spotlight in the crypto market has been LUNA. While LUNA took the first place on the agenda in all domestic and foreign sources, another development that would attract the attention of the entire market came from Elon Musk.
It has come to the fore that Musk, who came to the agenda with his purchase of Twitter in the past weeks, had some financial problems in purchasing Twitter.
Now, Musk has announced that he has suspended the acquisition of Twitter.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Why Was the Purchase Suspended?
Musk, who especially complained about fake accounts during the process of buying Twitter and said that he would fight them, stated that the agreement was put on hold temporarily because the calculation of fake users on Twitter continues.
Twitter announced earlier this month that the rate of fake accounts did not exceed 5 percent. It was reported that transactions were suspended until it was calculated whether the fake accounts were more or less than 5 percent.
There Has Been A Decrease In Prices!
After the announcement, Twitter shares fell 22 percent to pre-stock trading.
On the DOGE side, a 7 percent decrease was seen at the first moment. However, as of the time of publication of the article, the loss has been withdrawn up to 4 percent.