Elon Musk has temporarily put the takeover of Twitter on hold

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(Pocket-lint) – Elon Musk’s takeover of Twitter has taken another twist. The Tesla founder announced that the business is “temporarily on hold”.

He seems concerned that spam or fake accounts make up less than 5 percent of the social media network’s daily active users. He reportedly estimated that number to be much higher, and it was part of his job to remove the spam bots.

Twitter executives revealed the stats during the company’s latest filing, with Musk now demanding proof before the acquisition can go ahead.

Twitter’s current executive also hinted that Musk’s plans for the platform could unsettle advertisers. Until the deal is completed, there is “potential uncertainty regarding our future plans and strategy,” it said.

Since the approval of Twitter’s $44 billion acquisition, Elon Musk has outlined some controversial plans for the network.

He has publicly stated that he intends to lift existing lifetime bans, including the one imposed on Donald Trump for repeated abuse, and to invite extreme views back onto the platform. He also wants to change penalties for violating Twitter’s code of conduct to short-term bans.

He could also require companies to embed tweets and even have a verified account.

Writing by Rick Henderson.