By CNBCTV18.com May 17, 2022 4:34:49 PM IST (Updated)
Elon Musk, who on Friday said his $44 billion deal to buy Twitter was on hold pending information on spam accounts, said that he suspects they make up at least 20 percent of users - compared to Twitter's official estimates of 5 percent.
Tesla CEO Elon Musk on Tuesday said the Twitter deal will not go ahead without clarity on spam accounts. He said that his purchase of Twitter would not go ahead unless he was assured that fewer than five percent of accounts on the platform were fake.
"My offer was based on Twitter's SEC filings being accurate. Yesterday, Twitter's CEO publicly refused to show proof of <5% (spam accounts). This deal cannot move forward until he does," Musk said in a tweet, reported Reuters.
Musk had earlier suggested that he could seek a lower price for Twitter Inc, saying that there could be at least four times more fake accounts than what the company has said.