Elon Musk Puts Twitter Deal on Hold.

Elon Musk Puts Twitter Deal on Hold.

Elon Musk says the sale of Twitter is on hold while he waits for data. He needs to determine whether or not there are a large number of fake accounts on Twitter.

The key to Twitter's success in the past was its ability to keep spam out, by reducing fake and malicious accounts.

Musk decided to stop his due diligence on the purchase of Twitter so he could get an agreement for his "best and final offer.

Tesla CEO Musk, who is already committed to the acquisition, waived due diligence when he agreed to buy Twitter on April 25.