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Elon Musk reveals reason for suspension of Twitter purchase and user accuses him of self-promotion

Dogecoin (DOGE) lawyer Elon Musk seeks new Twitter CEO: CNBC
Photo: Reproduction/Games Manual – Elon Musk announced this Friday morning (13) that he suspended the Twitter purchase agreement, due to the number of fake accounts and spam
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Elon Musk took everyone by surprise when he reported this Friday morning (13) that his acquisition of Twitter had been stalled because of problems related to fake accounts and scams on the social media platform.

The Tesla and SpaceX CEO caused quite a stir when he announced at the end of April that he had bought a 9,2% stake in Twitter, and shortly after, he decided to become a board member before backing down and at the end. after all, offer around US$ 44 billion to acquire the social network, which was accepted in the last days of April.

Since the announcement, then, there has been little new information about the acquisition, with only a few rumors suggesting that he could become a temporary CEO after the outright purchase and that many companies, including Binance, have supported his deal.

However, even before buying a stake in the company, Elon Musk had already commented on other opportunities about the number of scams that occur on Twitter, as well as the worrying percentage of fake profiles, given that his own name was used in numerous frauds on Twitter. past, some even including Bitcoin.

And to put an end to this kind of situation was one of his promises when announcing the purchase of Twitter. According to Reuters, spam and fake accounts account for about 5% of total Twitter users.

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It was then that the CEO of Tesla said this Friday (13) that the deal was temporarily suspended and pending details about this allegation from the news agency. Musk's statement was made on the social network.

The agreement with Twitter is temporarily suspended. The pending details that support the calculation that fake/spam accounts actually represent less than 5% of users,” wrote Musk, who reaffirmed, however, that he remains committed to the acquisition of the platform.

Peter Schiff, one of Bitcoin’s (BTC) most vocal critics, responded to Musk’s post, pointing out that the billionaire never intended to buy Twitter and that he instead believes he pushed TWTR’s stock higher to the next level. make a profit.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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