Elon Musk puts Twitter deal on hold over fake account details

Elon Musk has said his $44bn (£35bn) deal to buy Twitter is on hold after he queried the number of fake or spam accounts on the social media platform.

He said he was waiting for information "supporting [the] calculation that spam/fake accounts do indeed represent less than 5% of users".

Mr Musk has been vocal on cleaning up spam accounts.

However, analysts speculated he could be seeking to renegotiate the price or even walk away from the takeover.

Following Mr Musk's tweet, Twitter's share price fell as much as 25% in pre-market trading. read more