Twitter Shares Down More Than 6% In Pre-Market As Legal Fight Against Musk Looms

Twitter shares continued to slide in pre-market trading early on Monday morning as the social media giant prepares to sue billionaire Elon Musk for attempting to renege on a deal to acquire it for $44 billion last week.... [+]Key Facts

Twitter’s shares were down more than 6% in pre-market trading early on Monday, trading at $34.37 per share. The pre-market values would place Twitter’s market cap at around $26 billion, or 40% lower than the sum Musk had agreed to pay to acquire the company and take it private at $54.20 a share.that he wants to walk away from the deal—accusing Twitter of failing to provide the data he needs to establish the number of bots and spam accounts on its platform.the deal by suing Musk in the Delaware Court of Chancery, the state where the company is incorporated.

🤔

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Twitter vs. Musk -- who is lying in battle over social media company's future?Elon Musk no longer wants to buy Twitter and claims that the company's leaders are not telling the truth about the business. Twitter denies it. So who's right? Interesting story. If you are a serious Twitter user, you should read all of it. The 'good stuff' and the 'bad stuff'.🤔🤠 I would say Twitter since they tend to lie about their algorithms etc... Definitely Tweeter is lying.If Tweeter not lying Teeter wasn’t suspended thousands of tweeters account who questioned Covid-19 n 2020election fraud.Musk Let Dem crazy just Walk away from Dem Walk away from Tweeter n joints TruthSocial be happy with 10 children save $53 billions
Source: FoxNews - 🏆 9. / 87 Read more »