"The Twitter deal has been suspended pending the details supporting the calculation that the spam / fake accounts actually represent less than 5% of users," Musk said.
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Avoid UiPath Stock Until It Gets Back on the Right Trail
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Twitter (TWTR) - Shares fall in pre-market trading after Tesla (TSLA) - CEO Elon Musk said his $ 44 billion take on the communications team was "temporarily suspended".
Shares reduced their decline, however, after Musk said he was "still committed to buying."
Musk made both announcements via his Twitter account confirmed earlier Friday in response to a Reuters report from May 2. The story, based on Twitter 10-Q involving the Securities and Exchange Commission, said Twitter had 229 million active viewers consistently. ads, adding that less than 5% of the so-called 'daily active users who make money' were fake or spam accounts.
"The Twitter deal has been suspended pending the details supporting the calculation that the spam / fake accounts actually represent less than 5% of users," Musk said.
Twitter shared a 9.5% lower start to trading on Friday to change hands at $ 40.81 each. Tesla shares, on the other hand, have risen 4.77% to $ 762.75 each.
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Courtesy Grizler.com
