Elon Musk: Twitter deal 'cannot move forward' without fake accounts proof

The terms of the acquisition are getting less and less likely.

According to a report on Monday, Musk may look to acquire the social media site at a lower price. Musk previously said he would put the deal on hold pending details on the calculation of the number of fake accounts.

The report follows the remarks Musk made at the All In conference in Miami on Monday, where he said that he believes as many as 20% of the accounts could be fake.

On Tuesday, Musk gave more information on his account. He wrote that the number of fake accounts could be much higher than 20 percent.

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My offer was based on the SEC filings. The CEO of the company refused to show proof.

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Musk responded to a user who claimed that there was a high possibility that the number of fake/spam/bot accounts could be well over 50%.

How do advertisers know what they are getting for their money? He wrote that this is fundamental to the financial health of the site.

Musk recently said he was still committed to the deal, but it now appears he is ready to stand his ground on the issue of fake accounts, which he previously said he would eradicate if he became the new owner of the company.