Elon Musk says he's 'still committed' to buying Twitter but deal is now 'temporarily on hold'

Elon Musk
(Image credit: Avishek Das/SOPA Images/LightRocket via Getty Images)

Elon Musk's deal to buy Twitter is now on hold, according to the Tesla CEO.

On Friday, Musk tweeted that his planned purchase on Twitter is "temporarily on hold pending details supporting" a calculation that spam and fake accounts represent less than 5 percent of users on the platform. He linked to a Reuters report, which said Twitter provided this estimate in a recent filing.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us