Elon Musk’s attempt to terminate his purchase agreement Twitter sent shares of the social media company tumbling as investors braced for a messy court battle.
Twitter shares fell $4.16, or 11.3%, to $32.65, their biggest daily drop in more than two months. The stock was the worst performer in the S&P 500 Monday. The move follows Mr. Musk’s disclosure to securities regulators on Friday that he is seeking to walk away from his $44 billion deal to buy Twitter and keep it private, saying the company has not provided the information it needs to to assess the prevalence of fake or spam accounts; .
Twitter stock falls after Elon Musk deal closes
Source link Twitter stock falls after Elon Musk deal closes