Elon Musk said his deal to buy Twitter was on hold pending details on the amount of fake accounts on the social-media platform, prompting a sharp slide in the company’s shares in premarket trade.
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Mr. Musk said in a tweet early Friday. He linked to a May 2 Reuters report about a recent Twitter securities filing with those statistics.
