Elon Musk's $44 billion acquisition of Twitter is on hold


Elon Musk's $44 billion acquisition of Twitter is on hold until more information about the number of spam and bot accounts on the social media platform becomes available.


Earlier this month, the company revealed that false or spam accounts accounted for less than 5% of its monetizable daily active users in the first quarter. However, Musk has paused his massive takeover in order to obtain more information about the figures. In premarket trading this morning, shares of the social media company fell 25%, continuing a massive decline since his takeover bid was announced on April 25.

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