'Vast carelessness': Twitter isn't happy with Elon Musk putting temporary hold on $44 bn buyout deal

Tesla chief Elon Musk on Friday said that his plan to buy Twitter for $44 billion is currently on hold temporarily citing pending details on spam and fake accounts on the platform.

Soon after Musk's tweet, several people took to the micro-blogging site to express their confusion over the now 'hanging in the air' Twitter deal. After Musk's tweet, stock in both Twitter and Tesla swung sharply in opposite directions, with Twitter’s stock tumbling 18%.

Some users on the micro-blogging site accused the 50-year-old of stock market manipulation.


"I feel like Elon Musk should finally be charged with stock market manipulation," Musk tweeted.

While another person said that most things done by Musk comes from what Fitzgerald called "the vast carelessness" of the truly wealthy.

Several users also joked about Musk's flaky mood.

The discussion on Twitter deal kicked off on the Internet after Musk's tweet which read: "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users."


Earlier this month, Twitter had estimated that around 5 per cent of its monetisable daily active users on the micro-blogging platform were fake or spam accounts during the first quarter.

Musk has been very vocal about his desire to clean up Twitter's problem with "spam bots" that pretend to be real people.

The billionaire's recent tweet comes a day after the social media company fired two of its top managers. Twitter said the company is pausing most hiring, except for critical roles, and is “pulling back on non-labor costs to ensure we are being responsible and efficient.”

The SpaceX boss has already sold off more than $8 billion worth of his Tesla shares to finance the purchase.