Elon Musk suggested on Monday that he could seek a lower price for Twitter Inc., saying that there could be at least four times more fake accounts than what the company has said.

¡°You can¡¯t pay the same price for something that is much worse than they claimed,¡± he said at a conference in Miami.

Musk, who on Friday said his $44 billion deal to buy Twitter was on hold pending information on spam accounts, said that he suspects they make up at least 20% of users ¡ª compared to Twitter¡¯s official estimates of 5%.