The billionaire signed an agreement for the purchase of the message exchange platform, for which he will pay 44,000 million dollars
The month of May has come with many novelties, such as the signing of an agreement by Elon Musk, the richest man in the world, with the aim of acquiring the Twitter message exchange platform for an amount that amounts to 44,000 million dollars, which represents some 41,708 million euros.
However, the billionaire founder of Tesla has assured this Friday on his Twitter account that this agreement was temporarily suspended.
“The Twitter deal is temporarily awaiting details supporting the calculation that spam/fake accounts effectively represent less than 5% of users,” Musk said in his account.
This is because the company Twitter Inc estimated this past Monday that fake or spam accounts in the first quarter of the year represented less than 5% of its daily active users mountable. The announcement came days after Elon Musk signed the agreement and tweeted that one of his priorities would be to remove “spam bots” from the platform.
Looking at premarket trading, shares of the social media company fell 20%. Twitter did not immediately respond to a request for comment.
Likewise, said platform in the presentation stated that it faced several risks until the agreement with Musk was closed, including whether advertisers would continue to spend on Twitter and the “potential uncertainty regarding our future plans and strategy.”