Shares of the social media company fell 20 percent in premarket trading

Elon Musk said on Friday he was putting a temporary halt on his much-anticipated deal to buy Twitter, sending shares in the social media giant plunging. 

"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users," he wrote on Twitter.

Shares of the social media company fell 20 percent in premarket trading.... Read More: i24