Elon Musk says his $44 billion deal with Twitter Inc has been put on hold. He wants to wait for the results of the test, which will show how many fake social media accounts he actually has.

The Twitter deal was suspended pending details to confirm that spam/fake accounts actually make up less than 5% of users. elon musk

Earlier this month, Twitter estimated that false or spam accounts accounted for less than 5% of its daily activated monetization users in the first quarter. The company also said that it faces a number of risks until the deal with Mask is closed. In particular, it is unknown whether advertisers will continue to spend money on Twitter. Elon Musk said that one of his priorities will be to remove spam bots from the platform.

Shares of the social network fell 20% in pre-market trading. Twitter did not respond to a request for comment.

It was also learned that two of Twitter’s top executives, who are interested in consumer and revenue, will leave the company. This was announced by the company’s CEO, Parag Agraval. He added that Twitter will suspend the hiring of new employees. Source