Shares 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.
NEW YORK —
Twitter has said for years in regulatory filings that it believes about 5% of the accounts on the platform are fake but on Monday Musk continued to taunt the company, using Twitter, over what he has described as a lack of data. “For Twitter this fiasco is a nightmare scenario and will result in an Everest-like uphill climb for Parag & Co. to navigate the myriad challenges ahead around employee turnover/morale, advertising headwinds, investor credibility around the fake account/bot issues, and host of other issues abound," Wedbush analyst Dan Ives, who follows the company, wrote Monday.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Twitter Shares Sink 7% in Premarket Trading After Elon Musk Terminates $44 Billion DealTwitter shares sank sharply in early premarket trade after Elon Musk said he is trying to terminate his $44 billion takeover of the company.
Weiterlesen »
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.
Weiterlesen »
Twitter shares tumble after Elon Musk ends $44B dealNews that Elon Musk is backing away from his plan to purchase Twitter caused the social media platform's stock to tumble roughly 6% in premarket trading on Monday.
Weiterlesen »
Twitter shares drop amid wavering Elon Musk dealTwitter shares fell nearly 6 percent on July 11, equivalent to $1.8 billion in market value, as tech billionaire Elon Musk looks to back out of a $44 billion deal to purchase the social media platform.
Weiterlesen »
Elon Musk hits back at Twitter's court threat in the most Elon Musk way possibleElon Musk mocked Twitter's efforts to force him to purchase the company -- in a tweet, of course.
Weiterlesen »
Elon Musk to Twitter: I Want Out of the DealThe billionaire is accusing the social media company of breaching their merger agreement, while Twitter threatens to sue to complete the $44 billion transaction.
Weiterlesen »