Musk Tweets the Twitter Deal Is ‘Temporarily on Hold’
A little more than two weeks after announcing the deal to acquire Twitter, Musk tweeted on May 13 that the deal is “temporarily on hold,” linking to a Reuters story about the company’s filings on spam bots. He explained that he was waiting for information to support the company’s assertation that spam accounts represented less than 5% of its users.
You can almost hear Twitter’s face palm in the lawsuit.
“The Reuters story Musk linked to in his tweet was a report on Twitter’s 10-Q filing made on May 2, 2022, and contained the same heavily qualified 5% estimate Twitter had been disclosing in its SEC filings for the past three years,” the company’s lawyers wrote.
