Looming Musk-Twitter legal battle hammers company shares

  • 📰 SpectrumNews1TX
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Elon Musk claims Twitter has failed to provide enough information about the number of fake accounts it has, though Twitter said last month it made data available to the Tesla CEO.

Shares of Twitter slid more than 7% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement.Shares of Twitter slid more than 7% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company

Musk agreed to a $1 billion breakup fee as part of the buyout agreement, though it appears Twitter CEO Parag Agrawal and the company are settling in for a legal fight to force the sale Musk agreed to a $1 billion breakup fee as part of the buyout agreement, though it appears Twitter CEO Parag Agrawal and the company are settling in for a legal fight to force the sale.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 333. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Looming Musk-Twitter legal battle hammers company sharesShares of Twitter slid more than 6% at the opening bell Monday after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement.
Source: sfexaminer - 🏆 236. / 63 Read more »

Twitter stock plunges as company and Elon Musk dig in for legal fightShares of Twitter plummeted on Monday afternoon on the prospect of a prolonged legal fight between the social media company and billionaire Elon Musk, who says he's pulling out of a buyout deal, leaving Twitter's future in doubt. I’m pretty sure that was the intent 11.3% the market doesn’t like liars, especially those who file fraudulent statements with the SEC. Anybody can change their mind before the check is Signed 🤣right? Affirmative 😎
Source: CBSNews - 🏆 87. / 68 Read more »

Twitter Shares Down More Than 6% In Pre-Market As Legal Fight Against Musk LoomsTwitter’s board has said it will take legal action to ensure that its sale to Elon Musk goes through after the billionaire walked away from the deal Friday. 🤔
Source: Forbes - 🏆 394. / 53 Read more »