Elon Musk says Twitter deal ‘temporarily suspended’

Elon Musk announced on Twitter early Friday morning that he was shutting down his $ 44 billion social media platform.

“Twitter’s transaction has been temporarily suspended due to the expected details that support the calculation that spam / fake accounts actually represent less than 5% of users,” he wrote.

Early in the morning, Twitter fell about 23% in pre-market trading, while shares of Musk Tesla Inc. rose about 5%.

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