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Twitter stock falls after Elon Musk deal closes

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

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