Elon Musk: Twitter Acquisition Temporarily Freezes - Share Tumbles at the Open

Elon Musk recently tweeted that “the deal is temporarily pending.” The Tesla CEO explained that he will wait to receive more information about the fake accounts before the deal is officially closed.

Pre-market trading witnessed the company’s stock plunge nearly 20 per cent, though a few hours following the announcement, Musk Tweeted that he is ‘’still committed’’, which lessened initial losses to open lower by nearly 10 per cent. Twitter shareholders have agreed to sell all of their shares to Musk for $ 44 billion.

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Source - database | Page ID - 864

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