Elon Musk puts Twitter deal on hold over fake accounts

13/05/2022 Argaam

Elon Musk CEO of Tesla

Elon Musk, CEO of Tesla, announced shelving the Twitter acquisition deal to get more information about false accounts on the social network.

 

Last month, Musk announced a plan to buy Twitter for $44 billion shortly after purchasing a 9.1% stake in the company.

 

Twitter shares shed 21.61% to $35.34 at 01L07 Makkah time.

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