Elon Musk suspends the takeover of Twitter, the action collapses – Le Figaro

The entrepreneur says he is waiting for details on an audit claiming that fake accounts represent less than 5% of social network users. Winds of panic on Wall Street. In a tweet published on Friday, Elon Musk indicates that “the agreement [pour le rachat de Twitter] is temporarily suspended. The action of the social network immediately fell by 25% in pre-market trading, before stabilizing at -20%. The boss of Tesla and SpaceX says he is waiting for more details on the calculation method from an audit carried out by Twitter and published in early May. The latter claims that the volume of fake accounts on the platform, which spread spam and scams, represents less than 5% of the 229 million monetizable daily users. Elon Musk has said on several occasions that the fight against fake accounts will be one of his priorities once he owns the social network. The price of the acquisition is 44 billion dollars. SEE ALSO – Musk’s acquisition of Twitter “will not be a game-changer” on the stock market, according to an expert