Elon Musk said his $44-billion acquisition of Twitter was temporarily on hold, citing pending details on spam and fake accounts 

Musk referred to a Reuters story from May 2 that said Twitter had estimated that false or spam accounts represented fewer than 5% of its monetizable daily active users during the first quarter, when it recorded 229 million users who were served advertising 

Twitter shares fell 17.7% to $37.10 in premarket trading, their lowest level since Musk disclosed his stake in the company in early April and subsequently made a ‘best and final' offer to take it private for $54.20 per share