BREAKING: Elon Musk Announces That Twitter Deal is On Hold

Elon Musk announced early Friday morning that his bid to purchase Twitter is on hold pending more information about how many accounts on the platforms are bots.

Twitter shares plunged 24 percent in premarket after his announcement.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted.

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