Musk puts $44 billion Twitter (TWTR, $40.70) acquisition on hold

Tesla CEO Elon Musk has decided to put his Twitter acquisition on hold temporarily,  according to his latest tweets on the same.

 "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," Musk tweeted, while adding he was "still committed to acquisition."

The initial tweet followed a May 2 story published by Reuters, which was based upon a regulatory filing mentioning that Twitter had 229 million users who viewed consistent ads, and that fewer than 5% of its "monetizable daily active users" were false or spam accounts.

To fund his the $44 billion deal, Musk is banking on Tesla's stock value.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.