Twitter deal temporarily on hold, tweets Elon Musk

Citing pending details in support of calculation that spam and fake accounts indeed represent less than 5% of users, Tesla CEO Elon Musk has said that Twitter deal is temporarily on hold. However, it is not clear whether he is serious or joking. In view of his tweets in past 20 days, it could be anything.

In a latest tweet, Musk says that$44 billion Twitter deal is on “hold”. Musk, the world’s richest man and a self-proclaimed free speech absolutist, had said that one of his priorities would be to remove “spam bots” from the platform.

Now, in his latest tweet, Musk said that the “Twitter deal temporarily on hold pending details. Twitter has not yet publicly commented on the matter.

Irrespective of what Musk means by putting the deal on “hold”, his latest tweet is set to give rise to the chat that the deal between Musk and Twitter is not yet a done thing. There is a lot of talk about Musk buying Twitter. One buzz says that Musk, whose first priority is Tesla, will get out of the Twitter deal before completing it because it has already resulted in Tesla stock getting a hammering on the stock market and diluting the wealth of Musk.

Twitter on April 25 announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk at approximately $44 billion. Twitter will become a privately held company after completion of the transaction.

Musk has been critical of Twitter’s moderation policy. He has said he wants Twitter’s algorithm to prioritize tweets to be public and was against too much power on the service to corporations that advertise.

Also, Read Here: Elon Musk shares these two ideas about Twitter