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Elon Musk halts Twitter takeover, stock plummets

2022-05-13T10:25:14.024Z


The entrepreneur says he is waiting for details on an audit claiming that fake accounts represent less than 5% of social network users.


Winds of panic on Wall Street.

In a tweet posted on Friday, Elon Musk said that "the agreement [for the takeover of Twitter] is temporarily suspended".

The action of the social network immediately fell by 25% in pre-market trading.

The boss of Tesla and SpaceX says he is waiting for more details on an audit carried out by Twitter.

The latter claims that the volume of fake accounts on the platform, which spread spam and scams, represents less than 5% of monetizable daily users.

Elon Musk has repeatedly said that fighting fake accounts will be one of his priorities once he owns Twitter.

Source: lefigaro

All business articles on 2022-05-13

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