Elon Muskhis attempt to terminate the purchase agreement Twitter The social media company’s stock sent out mixed, as investors braced for what was expected. messy courtroom battle.
Twitter shares fell $4.16, or 11.3%, to $32.65, the biggest single-day drop in more than two months. The worst performing stock in the S&P 500 on Monday. The move comes after Mr Musk revealed to securities regulators on Friday that he was looking to forgo a $44 billion deal to buy Twitter and keep it private, saying. The company did not provide the necessary information to assess the prevalence of fake or spam accounts. .
