Elon Musk Says Twitter Deal On Hold

By Jeff Montgomery and Charlie Innis (May 13, 2022, 9:51 AM EDT) -- Elon Musk tweeted Friday that he has hit "pause" on his blockbuster, $44 billion Twitter acquisition while assessing reports that spam and fake accounts make up less than 5% of users.

Elon Musk, shown here on May 2, said Friday that he has hit pause on his $44 billion Twitter acquisition. (Photo by Noam Galai/GC Images via Getty Images) About two hours later, Musk tweeted that he is "still committed" to the deal, without elaborating.

The move followed a Twitter assessment in its quarterly report that fake accounts and spam made up less than 5% of active user posts in the...

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