Musk says Twitter deal will not ‘move forward’ until further clarification on fake accounts
Elon Musk said on Tuesday the Twitter Inc (NASDAQ: TWTR) deal will not move forward until the company provides detailed information on the number of fake or spam accounts
•The Tesla CEO had earlier this week put the deal on hold
Elon Musk said on Tuesday the Twitter Inc (NASDAQ: TWTR) deal will not move forward until the company provides detailed information on the number of fake or spam accounts.
Twitter had mentioned in a filing that of the monetizable daily active users (or mDAUs), the number of fake or spam accounts were fewer than 5% during the first quarter.
“20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher,” Musk tweeted.
“My offer was based on Twitter’s SEC filings being accurate. Yesterday, Twitter’s CEO publicly refused to show proof of <5%. This deal cannot move forward until he does.”