Twitter hits back at Musk, says no deal obligations breached - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

In a letter sent to Musk, dated Sunday and filed with regulators on Monday, Twitter said it had not breached its obligations under the merger agreement as indicated by Musk on Friday for looking to end the deal.

Twitter is planning to file a lawsuit early this week in Delaware, people familiar with the matter told Reuters. Twitter’s shares ended down 11.3% at $32.65 on Monday, a 40% discount to Musk’s $54.20 bid and the biggest daily percentage drop in more than 14 months. They rose about 1% in extended trading.“Twitter’s board must contemplate the potential harm to its employee and shareholder base of any additional internal data exposed in litigation,” Benchmark analyst Mark Zgutowicz said.

Pileggi said if the number of fake accounts is many times higher than the 5% estimated by Twitter, it could lead to negotiations for a reduced price for the social media platform.

Sophie_Mokoena

And as with global governments .. watch twâtter stocks .. ⬇️⬇️⬇️⬇️

United States United States Latest News, United States United States Headlines

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

Limpopo reports first Monkeypox case - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The first case of Monkeypox has been reported in Limpopo on Sunday. According to the Limpopo Health Department, a 42-year-old tourist from Switzerland who is currently on holiday in the province tested positive for the disease. In a press statement, the department states that the patient presented symptoms such as rash, muscle ache and fatigue. … First? Bum fun does not pay Tourist because is from Europe, if it was someone from Africa headline should be different.
Source: SABCNews - 🏆 37. / 51 Read more »