- Home
- Technology
- News
Musk puts Twitter deal ‘on hold’ over spam account report
Following the announcement, Twitter shares fell 25% in pre-market trading.


Elon Musk has said his $44bn deal for Twitter is “temporarily on hold” due to the social media platform’s revelation that fewer than 5% of its monetizable daily active users are false or spam accounts.
Elon Musk, after he queried the number of fake/spam accounts on the social media platform, said he was waiting for information "supporting [the] calculation that spam/fake accounts do indeed represent less than 5% of users".
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
Following the announcement, Twitter shares fell 25% in pre-market trading.
Musk, the world's richest man and the chief executive of Tesla Inc, has been vocal on cleaning up fake accounts. He had earlier said that one of his priorities would be to remove "spam bots" from the platform.
Twitter reported nearly two weeks ago that fake accounts accounted for less than 5% of its daily active users during the first three months of this year.
The billionaire is now examining that figure.
Under the terms of the deal, if either Twitter or Musk walk away they must pay the other side a termination fee of $1bn.
Rawalpindi to Multan bus meets accident; 5 in critical condition
- 11 hours ago

Wildlife force deployed as no-bird zones enforced near Lahore airport
- 11 hours ago
Iran confirms assassination attempt on President Pezeshkian amid Israeli airstrikes
- 11 hours ago
Karachi police bust betel nut smuggling hidden in cement sacks
- 6 hours ago
Kim Jong-un offers full support to Russia in Ukraine war
- 8 hours ago

High risk near rivers as Tarbela spillways open today
- 10 hours ago
Frontier Constabulary to become countrywide force under new ordinance
- 7 hours ago

Emergency vaccination reduced deaths by nearly 60% during epidemics, study finds
- 8 hours ago
WhatsApp introduces new feature to show how many people are typing in group chats
- 9 hours ago

Sindh police give 10-day deadline to personnel to quit gutka, mawa use
- 9 hours ago

Indian drone strike kills 3 separatist leaders in Myanmar
- 6 hours ago

PTI expels five lawmakers for defying party policy
- 6 hours ago