Twitter Stock Drops After Elon Musk Looks to Nix Deal

Posted on AllSides July 11th, 2022
From The Center
Banking and Finance, Stock Market, Twitter, Elon Musk
PHOTO: JUSTIN LANE/SHUTTERSTOCK

Elon Musk’s effort to terminate his deal to buy Twitter Inc. TWTR -9.48%▼ sent shares of the social-media company tumbling, as investors prepare for what is expected to be a messy courtroom battle.

Twitter shares fell 6.7% to $34.35 shortly after the opening bell, putting shares on pace for their biggest drop in nearly two months. The move follows Mr. Musk’s disclosure to securities regulators Friday that he is seeking to abandon his $44 billion deal to buy Twitter and take it private, saying that the company hasn’t provided the information he needs to assess the...

Read full story
Some content from this outlet may be limited or behind a paywall.

Wall Street Journal (News)

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
108227/84931
See full bias rating for Wall Street Journal (News)
Learn about media bias
https://www.wsj.com/articles/twitter-stock-drops-after-elon-musk-looks-to-nix-deal-11657536676

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right