You are currently viewing Spam accounts threaten Elon Musk’s Twitter purchase, share price plunges by 10%
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The founder and CEO of SpaceX, Elon Reeve Musk has on Tuesday said the purchase of Twitter would not go ahead without clarity on spam accounts.

Elon Musk said his $44bn (£35bn) deal to buy Twitter is on hold after he queried the number of fake or spam accounts on the social media platform.

He said he was waiting for information “supporting [the] calculation that spam/fake accounts do indeed represent less than 5% of users.

Mr Musk’s tweets sent Twitter’s share price plunging 10% in morning trade in New York.

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