(Twitter) Shares of Twitter plunged 18% on Friday after Elon Musk said that the buyout deal will wait for more information regarding fake accounts on the social media platform.
Through his usual tweets, Musk said that the Twitter deal awaits data supporting calculations that fake or spam accounts represent less than 5% of users.
The tweet by Musk comes after Twitter, earlier this month, said through a filing that there were not more than 5% of its monetary daily active users that consisted of spam accounts.
Musk’s announcement follows his intention to buy the social media giant for $44 billion, with one of his main priorities being weeding out the spam accounts from the platform.
TWTR: NYSE is currently down -15.57% on premarket, TSLA: NASDAQ is up +5.15% on premarket.
