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Elon Musk puts Twitter deal on hold over bot numbers claim


Elon Musk has hit the brakes on his proposed takeover of Twitter in light of the platform's insistence that spam accounts accounted for less than 5 percent of its daily active users.

The figure was raised in an SEC filing on Monday, the company's latest earning release [PDF], where it said "there are a number of false or spam accounts in existence on our platform."

The company continued in the filing: "We have performed an internal review of a sample of accounts and estimate that the average of false or spam accounts during the first quarter of 2022 represented fewer than 5 percent of our mDAU [monetizable daily active users] during the quarter."

Musk is in the throes of a Twitter acquisition with a $54.20-a-share deal, comfortably above current stock price of the platform. The deal, however, has yet to close and, free-speech pronouncements from the billionaire ...


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