Musk’s plan to buy Twitter has worried politicians around the world.
Joe Skipper | Reuters
Elon Musk has declared his $ 44 billion purchase Twitter it won’t continue until it becomes clear how many accounts are fake.
Twitter estimated in a filing earlier this month that less than 5% of its monetizable daily active users during the first quarter were bots or spam accounts.
But Musk estimates that around 20% of Twitter accounts are fake or spam accounts and is concerned that the number may be even higher.
“My offer was based on the accuracy of Twitter’s SEC statements,” Musk tweeted early Tuesday morning. “Yesterday, the CEO of Twitter publicly refused to show proof of <5%. This deal cannot go on until it does."
A Twitter spokesperson did not immediately respond to a CNBC request for comment.
This is breaking news and will be updated shortly.