Tesla stock gains more than 5% after Elon Musk tweets Twitter deal is 'temporarily on hold'

Musk says $44 bil. Twitter deal on hold over fake accounts data

Elon Musk tweeted Friday that his $44-billion cash deal for Twitter was "temporarily on hold" while he waits for the social media company to provide data on the proportion of its fake accounts.

Musk says $44bn Twitter deal on hold over fake account data

Elon Musk tweeted on Friday that his $44-billion cash deal for Twitter Inc was "temporarily on hold" while he waits for the social media company to provide data on the proportion of its fake accounts.

Musk says $44 bln Twitter deal on hold over fake account data

(Reuters) — Elon Musk tweeted on Friday that his $44-billion cash deal for Twitter Inc TWTR.N was “temporarily on hold” while he waits for the social media company to provide data on the proportion of its fake accounts. Twitter shares initially fell more than 20% in premarket trading, but after Musk, the chief executive of electric car market Tesla Inc TSLA.O, sent a second tweet saying he remained committed to the deal, they regained some groun…

Elon Musk says the Twitter deal is “temporarily on hold”

The world’s richest man says concern over bot accounts lead him to pause his purchase of the social media company. We discuss with tech correspondent Jake Ward.

Elon Musk says US$44bil Twitter deal on hold over fake account data

Elon Musk tweeted on Friday that his $44-billion cash deal for Twitter Inc TWTR.N was "temporarily on hold" while he waits for the social media company to provide data on the proportion of its fake accounts.

Elon Musk stokes speculation after tweeting Twitter deal on hold

Elon Musk tweeted that his Twitter deal will be on hold after the company reported fake accounts made up fewer than 5 percent of users, though it “could be higher.” Musk later tweeted that he is committed to acquisition. Experts speculate that Musk’s real motive was to renegotiate the Twitter deal even if he had to pay a billion-dollar fee.