Elon Musk has put his $44 Billion to acquire twitter on hold, citing concerns over the amount of false or spam accounts on platform.
According to the wedbush analyst Daniel Ives, the post might elicit a negative reaction from wall street.
It looks like that musk is trying to bail out of buying Twitter or wants to negotiate deal at a cheaper price
The twitter's deal arrangement are on hold now while specifies of the account calculations are finalised.
According to the brand, spam and false accounts comprise fewer than 5% of the total users in the world.
Elon Musk Tweeted this post, while Twitter's stock dropped more than 10% in morning trade on Friday.
Musk's comment of "committed to acquisition." came one day after twitter sacked two of its top execs.
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