Elon Musk announces deal to buy Twitter is ‘temporarily on hold’

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It’s only been a few weeks since Elon Musk practically stormed the internet with news that he intended to buy Twitter for nearly $45 billion, but based on his recent tweets, that groundbreaking deal may not come to fruition afterward. of everything. tweet, Elon Musk announced that his yet-to-be-finalized deal to buy Twitter has been officially put on hold.

Staying true to his acquaintance unpredictable natureElon Musk sent the tech industry into shock when he broke the news about his potential purchase of Twitter. “The Twitter deal is temporarily on hold pending details supporting the calculation that spam/fake accounts represent less than 5% of users,” he tweeted early Friday morning.

As the news spread on social media, Elon added a follow-up tweet that read “Still committed to acquisition.” It didn’t take long for critics to pounce on the news with speculation that his announcement is the first step in his plan not to buy Twitter at all, which some people believe was his intention all along. . Following his confirmation that he is indeed hitting the buy pause button, Twitter stock began to swing for the rest of the day.

Meanwhile, as we previously reported earlier this week, Elon Musk stated in a recent interview that once his deal with Twitter ends, he plans to reverse Donald Trump’s permanent Twitter ban. Although Trump has made it very clear several times that he would not return to the social media platform because he has created his own.

“Permanent bans should be extremely rare and really reserved for accounts that are bots, or scams, spam accounts… I think it was wrong to ban Donald Trump. I think it was a mistake because it alienated a large part of the country and ultimately didn’t result in Donald Trump having no voice,” he said.

It looks like the world will have to wait and see what Elon Musk does next and what that means for the future of Twitter.

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