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Elon Musk says $44bn Twitter deal is on hold

Twitter shares plunged almost 20% in pre-market New York trading

By Penny Sukhraj
In a 13 May message sent on Twitter, Elon Musk cited news reports that fake accounts comprise less than 5% of users
In a 13 May message sent on Twitter, Elon Musk cited news reports that fake accounts comprise less than 5% of users Photo: Getty Images

Elon Musk said his deal to buy social media platform Twitter is on hold because of pending calculations over spam and fake accounts.

Twitter shares plunged almost 20% in pre-market New York trading.

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