Tesla CEO Elon Musk made headlines not long ago after he made an offer to buy social media platform Twitter for $44 billion. That offer was then accepted, and since then we've seen users gearing up for what changes he's wanting to make.
However, it seems there may be a delay in those changes as Musk recently announced the acquisition is 'on hold' until he gathers a bit more information about Twitter's userbase.
Alongside a link to a Reuters article, he wrote that his Twitter purchase is on hold until he learns more about what percentage of the platform's users are fake accounts.
The filing states that spam accounts "represented fewer than 5% of its monetizable daily active users during the first quarter."
It also mentioned Musk himself, saying there are several risks afloat until the deal closed, like whether or not advertisers would continue to invest in Twitter and "potential uncertainty regarding our future plans and strategy."
A few hours later, in a reply to the first Tweet, he replied with the above. This was potentially to mellow out the reaction and assure stockholders that he does still plan on buying the joint seeing as Twitter stocks fell up to 25% after his announcement of the pause.
